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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 CAMILLE GRIGSBY-ROCCA
Can the brave new world of neurotechnology help an OHSU surgeon find a cure for obesity?
Wednesday, July 29, 2015
Pushing the extreme.
Friday, July 10, 2015
BY JOE CORTRIGHT
The false promise of economic impact statements.
Friday, July 17, 2015
Photographer Jason Kaplan takes a look at Murray's Pharmacy in Heppner. The family owned business is run by John and Ann Murray, who were featured in our July/August cover story: 10 Innovators in Rural Health Care.
Monday, June 22, 2015
The Clean Fuels/gas tax trade off will go down in history as another disjointed, on-again off-again approach to city and state lawmaking.
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.
Wednesday, July 15, 2015
We asked readers to weigh in on the fossil fuel-green energy equation.
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