Home Archives September 2007 Lesson for Portland public market from Vancouver's failure

Lesson for Portland public market from Vancouver's failure

| Print |  Email
Saturday, September 01, 2007

{safe_alt_text}

PORTLAND The indoor Vancouver Farmers Market at Esther Short Park closes at the end of this month, crushed by debt and a bad business plan.

Market master Robert Ray says foot traffic was weak, the building was uninviting and “we were doomed from the start” because the market started out in debt with an $180,000 loan. Along with a hefty rent payment, the overhead came crashing down. The outdoor market will remain open.

Ron Paul, director of the nonprofit Historic Portland Public Market Foundation, wants to avoid the same fate. He says it’s crucial for a Portland market to open debt free, and he wants the city to provide a suitable spot. He has his sights set on Union Station in northwest Portland, but it will cost more than $30 million to upgrade the station, plus at least $6 million to make upgrades to accommodate a market, which Paul hopes to raise privately. Paul, who has tried for seven years to open a public market, hopes to have an answer on Union Station this fall. 


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

The Alchemist

September 2014
Tuesday, August 26, 2014
BY LINDA BAKER

David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.


Read more...

Two sides of the coin

Contributed Blogs
Monday, August 25, 2014
0825 thumb moneyBY JASON NORRIS | OB GUEST BLOGGER

Ferguson Wellman’s investment views on the economy and capital markets.


Read more...

What I'm Reading

September 2014
Wednesday, August 27, 2014

Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


Read more...

Launch

September 2014
Tuesday, August 26, 2014
BY JESSICA RIDGWAY

September's Launch article features Orchid Health, BuddyUp and Inter-Europe Consulting.


Read more...

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS