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|Sunday, November 22, 2009|
With Allen's development rights due to expire in November 2010, the Blazers have launched a campaign to redevelop the quarter into "JumpTown," a vibrant and super-green entertainment center. They've hired local architect Rick Potestio and partnered with Nike and the Baltimore-based Cordish Companies to draw up plans involving restaurants, brew pubs, public art, music clubs, a 250-room hotel and an "interactive center" telling the story of how Nike grew from an idea into a $20 billion sports empire. That would be phase one. Phase two would involve waterfront offices and housing — once the real estate markets rebound.
"We're hoping this will be a catalytic project," says J.E. Isaac, senior vice president of business affairs for the Blazers. "If it's done right, it will stimulate a lot of development."
But it won't get done for free. The plan will require a "substantial public investment," Isaac says.
At the center of the property lies the Memorial Coliseum, which is owned by the City of Portland. Mayor Sam Adams has assembled a 32-member stakeholder committee to consider how best to modernize the coliseum, which draws about 450,000 visitors per year but needs upgrading. Early recommendations for the building range from an indoor Pike Place-style public market to a tribal casino with a hotel. Expect a lengthy public process.
Isaac says the Blazers intend to "lead by listening." But there is little doubt who has the inside track in this race. Blazers president Larry Miller, who worked with Nike for 10 years before joining the franchise, says one of his first conversations with Allen focused on redevelopment strategies. Miller's Nike connections helped boost plans for the Nike building, and Miller also initiated the relationship with Cordish, a huge company that has led similar redevelopments in Kansas City, Houston and Louisville.
It remains to be seen how eagerly Portlanders will embrace an out-of-state developer. But a local option may not exist. The recession has been hard on Oregon's big-picture visionaries, several of whom are still struggling to stem the bleeding on the South Waterfront project. Asked what Cordish offers that local firms lack, Isaac gets straight to the point: "Expertise — and money."
Friday, December 12, 2014
BY LINDA BAKER
Studying ground-running birds, a group that ranks among nature's speediest and most agile bipedal runners, to build a faster robot.
Saturday, December 13, 2014
Seven tidbits of information from an agency partner and co-founder of Waggener Edstrom in Lake Oswego.
Monday, January 26, 2015
BY JOE CORTRIGHT
"Nostalgia is not an economic strategy."
Tuesday, January 27, 2015
BY JACOB PALMER
Catching up with Amen Teter, Portland-based global director of action sports for Octagon Olympics & Action sports talent agency.
Saturday, December 13, 2014
Seven tidbits about the president and CEO of AKT Group.
Thursday, December 11, 2014
There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation.
Thursday, December 18, 2014
2014 was a year of wild contradictions, fast-paced growth and unexpected revelations.
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Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
hubbub health uses behavior change science to rethink wellness programs.
In Ashland, a public-private partnership results in online resources to help diversify the local economy.
How sports tourism is driving economic growth and making cities across Oregon a better place to live.
If you have given a former employee access to your company’s electronic information by virtue of assigning a desktop or laptop computer and you suspect he or she of having taken electronically stored data, there are several steps to follow to preserve electronic forensic evidence from spoliation.
The official launch will be Jan. 14.
In a switch on the traditional trade show, representatives from UO departments and local and state agencies will host tables to connect with businesses and vendors. The fourth Reverse Vendor Fair will take place Wednesday, Feb. 25, in Eugene.