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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.”
Wednesday, September 30, 2015
BY LINDA BAKER | EDITOR
The media coverage about Pope Francis must have put me in a Biblical frame of mind. Because after touring the latest phase of the South Waterfront development, a mind boggling 1.5 million square feet of office and retail space that will spring up north of the aerial tram over the next few years, I couldn’t stop thinking about the massive project as a modern day creation story.
Wednesday, August 19, 2015
BY JACOB PALMER
Live, Work, Play wit the CEO of Ruby Receptionists.
Thursday, August 20, 2015
BY DAN COOK
The state’s angel investing fund gets hammered in Salem.
Tuesday, August 18, 2015
BY JASON NORRIS | CFA
Earlier this month, the People’s Bank of China (PBoC) announced they were going to devalue their currency, the Renminbi. While the amount of the targeted change was to be roughly 2 percent, investors read a lot more into the move. The Renminbi had been gradually appreciating against the U.S. dollar (see chart) as to attempt to alleviate concerns of being labeled a currency manipulator.
Thursday, October 08, 2015
BY LINDA BAKER
In an era dominated by self-promotion and marketing speak, John Bradley, CEO of R&H Construction, is a breath of fresh air.
Tuesday, October 06, 2015
BY CHRIS NOBLE
As we worked on the October cover, it became evident that Nick Symmonds is a hard man to catch — even when he’s not hotfooting it around a track.
Thursday, August 20, 2015
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