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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.
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BY VIVIAN MCINERNY | OB BLOGGER
Some people think Amazon’s winking eye logo is starting to look like a hoodwink.
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Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
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Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
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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 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
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