Morning Roundup

Morning Roundup Photo credit: Bureau of Land Management

Adidas sets lofty revenue goals, OSU-Cascades expansion funding moves forward and Bend considers budget cuts to fund roads.


Adidas sets lofty revenue goal

The athletic giant announced yesterday recent brand momentum is an ongoing trend, and set a 47% revenue increase goal by 2020, the Portland Business Journal reports. That goal puts North American sales at $5.3 billion. The goal follows a successful year. In 2016, Adidas sales in North America increased 30%. To compare, rival Nike's 2016 sales were $32.4 billion, up 12% from the year prior.

Environmental groups can intervene in Cascade-Siskiyou lawsuit, judge rules

The lawsuit in question was filed by Murphy Timber Investments in attempt to prevent the expansion of the Cascade-Siskiyou National Monument. President Obama designated the 48,000-acre expansion near the end of his term. The ruling by a federal judge in Medford means groups including Oregon Wild and the Wilderness Society can get involved in the lawsuit to defend the monument expansion, OPB reports.

OSU-Cascades funding bill passes first legislative hurdle

The bill asks for $69.5 million to fund the university's campus expansion. It was approved by the House Committee on Higher Education and now moves to the House Ways and Means Committee where the final amount is approved, the Bend Bulletin reports. That decision isn't likely to occur before June.

Bend considers budget cuts to fix roads

The city faces a common problem: a lack of road maintenance funding. But the council is considering making cuts to its administrative services to drum up needed funding, the Bend Bulletin reports. IT, communications and finance departments could see 5%, 10% and 15% percent cuts, respectively. Bend needs between $500,000 and $800,000 annually to maintain its roads.

OB Original Blog: Gresham leaders optimistic about development potential

Lack of investment and shovel-ready land has stymied development in the East metro region.

Elliott Forest decision pushed to May

The Oregon Land Board was set to consider Gov. Brown's alternative proposal to keep the 82,500-acre forest in public hands rather than sell the property to Lone Rock Timber Management for $221 million. The meeting was rescheduled for May 9 because Secretary of State Dennis Richardson was invited to join a delegation visiting Taiwan, the Oregonian reports. He has not committed to the trip, however. Richardson is one of three board members. Brown and Treasurer Tobias Read make up the rest of the board. 

Katy Sword

Katy Sword is the digital news editor of Oregon Business.

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