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|Articles - April 2013|
|Monday, April 01, 2013|
Page 4 of 4
Whether the New Seasons, McMenamins and Tasty & Sons of the world eventually expand to the outer east side remains to be seen; whether that kind of business development would lead to gentrification and displacement of local residents is also unclear. More certain is the incremental on-the-ground capacity building, which continues across East Portland. The Division-Midway Alliance, another East Portland prosperity initiative district, is planning a spring neighborhood fair and bike rodeo; according to Alliance co-chair Lori Boisen, the organization is also recruiting multilingual high school students to help engage business owners in cleaning up and improving their properties.
The owner of a coupon business targeting inner Southeast and Northeast residents, Boisen says her company is eager to move east. “But advertisers want to go where the money is,” she says. “Our goal is to make this a prosperous area for businesses.”
In Lents, longtime property owner Sam Farah had been using a storefront on Southeast 92nd Avenue as family storage — for the past eight years. But with the help of PDC grants to improve the sidewalk frontage and storefronts, Farah recently decided to upgrade the building. “We finally felt the need to do something with the property,” he says. One of the spaces was recently leased to Working Class Acupuncture, a business that used a $60,000 tenant improvement loan to complete its own build-out.
On 122nd, when White isn’t putting the finishing touches on South of Holgate, he’s championing a mixed-use project that would combine retail space, a community kitchen and veterans’ housing, a development he says requires PDC assistance. White also hopes a few of the rezoned properties — a large undeveloped lot off 126th and Powell, in particular — will attract a vertical manufacturing company like Bridgetown Natural Foods, which, in 2010, moved into a 65,000-square-foot facility on Foster Road east of I-205.
For White and many others, such projects can’t arrive soon enough. But if evolution is slow, a new chapter is definitely unfolding in Portland, a city at once lauded for revitalizing languishing neighborhoods and criticized for creating a pattern of homogeneity and dislocation. Improving the fortunes of East Portland is about more than uplifting neighborhoods on the margin. It’s about maintaining the health — and reputation — of the entire city, and testing the viability of a new, culturally diverse, community-based development model. The success or failure of that model could have ripple effects nationwide.
In the past decade, poverty has migrated away from the inner city to the suburbs, in Portland and around the country, says Nick Christensen, president of the Lents Neighborhood Association. “If we want to tell the world we are the best planned city, then we have to come up with the answer to East Portland and how to make it successful economically,” Christensen says. “It’s the great problem we are all trying to solve.”
Tuesday, July 28, 2015
Uncertainty in Greece and China, along with potential interest rate hikes mean investors are looking at the market and nervously questioning where they should be invested.
Monday, July 13, 2015
BY KIM MOORE
Revenues in Oregon's private, for profit sector maintained solid growth as the economy continued to rebound.
Thursday, June 18, 2015
Fireworks are a booming industry, even if the pyrotechnics have turned July 4th into a day fire marshals, and many residents, love to hate.
Thursday, June 18, 2015
While most categories of commercial real estate have performed well, one of the most robust has been apartment buildings.
Friday, July 10, 2015
BY DAN COOK
The Affordable Care Act has triggered a rush on health care plan redesign, a process fraught with hidden costs and consequences.
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.
Wednesday, July 15, 2015
Oregon's roads are crumbling, and revenues from state and local gas taxes are not sufficient to pay for improvements. We asked readers if the private sector should help fund transportation maintenance and repairs. Research partner CFM Strategic Communications conducted the poll of 366 readers in February.
"I feel private enterprises are capable of operating at a higher efficiency than state government."
"This has been used in Oregon since the mid-1800s. It is not a new financing method. This form of financing may help Oregon close its infrastructure deficit by leveraging funds."
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