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|Articles - June 2011|
|Wednesday, May 18, 2011|
Mark Webb remembers loving Harney County as a kid. His parents would park their RV at the Steens Mountain Wilderness Resort outside of Frenchglen (population 12) and spend their summers in close proximity to wild horses and antelope. The big nighttime attraction was looking up at the stars.
Webb, now 53, went on to become an accountant in Nampa, Idaho, and then purchased a fixer-upper RV campground in Weiser. He continued visiting the Steens as regularly as possible and continued bringing his mother to the resort each summer after his father died several years ago. During one of those trips he learned that the Steens property was available — for $1.6 million.
That price fell dramatically as the former owners ran into financial difficulties and decided to hold onto a huge nearby cabin that was originally part of the package. “We offered a little over $200,000, and they accepted it,” says Webb. Not bad for 16 acres surrounded by some of the finest wildlife viewing country in Oregon, with a mobile home, an office building, eight cabins, showers and a laundromat.
But the property was nowhere near as pristine as the surroundings. Since closing the deal last fall, Webb and his uncle have been working long days; replacing worn out beds, gutting and rebuilding showers, and replacing ruined pipes after years of neglect.
“Pretty much every one of the cabins froze up over the winter,” Webb says. When he went to tour the property prior to buying it, a hunter was gutting an antelope carcass right in the middle of the resort.
The plan is to modernize the resort bit by bit. Webb recently brought in Wi-Fi service for the first time, and he eventually intends to build new log cabins. But not until the numbers add up; his accounting background taught him to hold off on capital expenses until he’s positive he can afford them — and to do as much as possible with his own hands.
It’s a strategy that has served him well. Webb spent 13 years turning the rundown RV park in Weiser into a profitable business while working on the side as a CPA. Now he’s taking a similarly methodical approach in the Steens, minus the side-gig in accounting (not a lot of demand for CPAs in antelope country). “It may take us years and years,” he says, “but we’re going to rebuild the whole park.”
Thursday, June 12, 2014
BY ANDREA DURBIN | OB GUEST BLOGGER
Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.
Wednesday, July 09, 2014
BY LINDA BAKER | OB EDITOR
Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
Friday, June 13, 2014
BY CLIFF HOCKLEY | OB GUEST BLOGGER
This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.
Monday, July 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
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