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|Articles - Nov/Dec 2012|
|Monday, November 05, 2012|
Page 5 of 5
After the housing bust and recession, when the dust finally settled over the destination resort scene in Central Oregon, there were unfinished golf courses baking in the desert sun, thousands of approved home lots sitting vacant and a handful of planned resorts that went bankrupt.
“The resort community had a huge shakeup,” says Galash, of R&H, which has done its fair share of resort work at places such as Black Butte Ranch and Caldera Springs.
The sector has long since hit bottom, and it’s been slow to crawl back up. Remington Ranch and Thornburgh Resort filed for bankruptcy in the past two years; others, like Tetherow golf resort, remain in limbo, although there are signs of a gradual turn.
“Lots in these places have been recapitalized or are no longer in the hands of the folks who started them,” says Saito of Gerding Edlen. “That’s the first step.”
Portland developer Joe Weston, who’s owned land at Tetherow since 2007, plans to develop overnight facilities there, which Galash says bodes well, if not for the larger resort scene, then at least for Tetherow.
Elsewhere, other builders have seen some healthy returns in other areas of hospitality.
“We’re doing a number of new hotels and renovations for different developers,” says SERA’s Schultz. “Slowly and quietly, we’ve seen a comeback in hospitality” in Portland and elsewhere around the state.
Ausland Group is currently renovating two Holiday Inns in Grants Pass and Roseburg, and similar to R&H, which completed an expansion for Deschutes Brewery in Bend, the firm just finished up a 28,000-square-foot brewery for Ashland’s Caldera Brewing.
“For a brewery to be expanding like that,” says Ausland, “we think that’s a good sign of what’s to come in the economy.”
Monday, July 13, 2015
BY AMY MILSHTEIN | PHOTOS BY JASON E. KAPLAN
Telemedicine, new partnerships and real estate diversification make health care more accessible in rural Oregon.
Monday, July 13, 2015
BY JACOB PALMER
Dean of the Atkinson Graduate School of Management, Willamette University
Wednesday, July 01, 2015
There are more than 10 million former military members working in the United States.
Wednesday, June 10, 2015
Jeff Lang and his wife Rae used to dole out campaign checks like candy. “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”
Thursday, June 11, 2015
In 2014, total revenue for camping and day use in Oregon State Parks was a little more than $17 million. That figure may even higher this year "because we've had exceptionally nice weather," Hughes says.
Tuesday, June 09, 2015
The technology at the center of Oregon’s road usage fee reform.
Thursday, July 09, 2015
The sweltering weather didn't keep the crowds away. Although the numbers were down slightly from last year, the Oregon Food Bank raised $850,636 to fight hunger. About 80,000 people attended despite temperatures in the upper 90s.
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