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|Articles - September 2011|
|Wednesday, August 24, 2011|
Environmental officials are quick to assert that Oregon’s most expensive publicly funded cleanup is not failing from an environmental perspective. But from a real estate perspective, the $55 million cleanup of the former McCormick & Baxter creosote factory in North Portland has created complications. The property is located next to a former industrial parcel bought by the University of Portland as part of a campaign to create a new “river campus” on the Willamette River waterfront. But UP has held off buying the McCormick & Baxter property because of concerns about the cleanup.
Rather than haul away several million tons of creosote and contaminated debris, officials opted to contain the pollution with barrier walls and two caps, one in the river and another upland. The upland cap has experienced unexpected stress as a result of the biodegradation of waste wood used as a fill underground. Department of Environmental Quality project manager Scott Manzano says the resulting chemical reaction raised groundwater temperatures to 104 degrees, released methane and created a 75-foot conical depression a foot deep.
Manzano says the chemical reaction and the uneven settling of the ground there was “not expected” but “in no way shape or form is that a failure.” After identifying the problem, environmental contractors cut off the oxygen supply to minimize the chemical reaction.
But UP officials turned skittish after contemplating the liability involved with buying tainted property. They backed away from buying the 43-acre property, which they had hoped to redevelop for recreation fields, sports facilities and environmental labs. The university also got tangled up in a legal battle with the Zidell family over the adjacent property, further delaying expansion.
UP assistant vice president James Kuffner says the university hopes to break ground next year on a new riverfront baseball stadium on the former Zidell property and has not given up on the McCormick & Baxter property. “If the DEQ is feeling they’ve made some strides there, it’s probably time for us to check in with them,” he says.
The university has already invested more than $10 million in the area and is likely a year away from moving dirt.
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.
Tuesday, August 26, 2014
BY KIM MOORE
The ubiquitous fast-food restaurant may be on the decline.
Thursday, August 28, 2014
OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.
Wednesday, August 27, 2014
BY KIM MOORE
A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.
Friday, August 22, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
When business intersects with family, a host of situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.
Monday, August 25, 2014
BY JASON NORRIS | OB GUEST BLOGGER
Ferguson Wellman’s investment views on the economy and capital markets.
Wednesday, August 13, 2014
BY TOM COX | OB BLOGGER
When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”
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How six leading foundations are working together for a better Oregon.
Vigilant enters a New Year with a new president.
Lane Powell Shareholder William T. Patton has been appointed to the board of directors for Cascade AIDS Project, an organization that provides educational services and outreach to thousands of Oregonians living with HIV/AIDS.
Fifty-one Lane Powell lawyers were recently selected by their peers for inclusion in The Best Lawyers in America® (Best Lawyers) 2015; of those selected, 23 lawyers are from the Firm’s office in Portland, Oregon.
Barran Liebman is proud to announce that Andrew Schpak, a Partner of the firm, has been named Chair of the American Bar Association’s Young Lawyers Division for the 2014-2015 bar year.