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|Articles - Jan/Feb 2012|
|Thursday, January 19, 2012|
Page 2 of 2
Today, output at the Warm Springs mill has dropped to 38 million board feet annually, and the reservation, one of the most impoverished in the state, has a 60% unemployment rate. “We’re in dire need of new jobs and revenue,” says Scott Moses, another council member. Although the tribe has several diversification strategies in mind, including a possible truck stop, store and biomass facility, moving the Indian Head casino was the easiest way to jump-start the local economy, Moses said. About 350 cars a day pass by Kah-Nee-Tah; 7,000 a day traverse Highway 26.
To capitalize on the increased traffic, casino managers are pursuing a clientele that “has never been marketed to before,” Billingsley says. “We’re going after recreation-type people, farmers, ranchers — cowboys are notorious gamblers.” Unlike the Kah-Nee-Ta facility, the new casino, which cost $13 million, will be open 24 hours. It also features a restaurant and snack bar. Kah-Nee-Tah, now minus a gambling venue, will be upgraded and rebranded as a family-friendly resort.
The temporary casino will only generate a fraction of the money of a Cascade Locks facility, tribal leaders caution. “We’re looking at approximately $100 million on that location,” Sehgal says. But as the battle over the Gorge venue continues — the proposed facility is opposed by Gov. John Kitzhaber and several environmental groups — the Confederated Tribes of Warm Springs are betting on the Highway 26 location as a step toward revitalization. “It gives the community hope and confidence the tribe is moving forward and that leadership is focused on getting jobs,” says Urbana Ross, the tribe’s chief operating officer.
Friday, January 17, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Speaker Joe Griffin, co-CEO of the digital marketing firm iAcquire, shares his predictions about the future of search engine optimization (SEO) as it continues to evolve.
Friday, February 28, 2014
The 21st annual 100 Best Companies to Work For in Oregon list was announced Thursday night at an awards dinner at the Oregon Convention Center.
Tuesday, February 25, 2014
BY BRANDON SAWYER
Sales of small businesses surged in 2013 according to the biggest Internet marketplace of such transactions, BizBuySell, increasing to 7,056 reported sales, a 24% increase over 2012, when they dropped 7%. Portland Metro sales tracked by the site grew 9% to 73, capping three years of solid growth. On top of that, Portland’s median sale price jumped 67% to $250K, versus just 13% to $180K nationally. Portland was one of just six metros tracked where the median sale price matched the median asking price, with sellers getting, on average, 92% of what they asked.
Tuesday, January 14, 2014
BY VIVIAN MCINERNY | OB BLOGGER
For Oregon’s comic biz, 2014 is already proving to be a real page-turner.
Wednesday, January 15, 2014
BY MIKE GREEN | OB BLOGGER
The problem with the issue of income inequality is that it’s typically an afterthought to a region’s economic planning, and not a core priority around which primary economic strategies revolve.
Tuesday, February 25, 2014
BY AMY MILSHTEIN
Kelly Dachtler, president of The Clymb, redefines outdoor retail.
Thursday, February 13, 2014
BY JASON NORRIS | GUEST CONTRIBUTOR
Investor returns in January usually predict what the returns will be for the entire year. The Seahawks win may offset this calendar trend.
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