Home Back Issues September 2007 Bumps in the road for Medford’s downtown

Bumps in the road for Medford’s downtown

| Print |  Email
Archives - September 2007
Saturday, September 01, 2007

DowntownMedford.jpgMEDFORD Its library was forced to close its doors, and one of its cornerstone developments is on ice, but champions of downtown Medford are still optimistic that their plans for a revitalized core are on track.

The Bella Vita on Main, the mixed-use development that was heralded by the Medford Urban Renewal Agency (MURA) as a cornerstone development, is on hold indefinitely because of the environment for real-estate finance. “The markt is solid,” says Bella Vita’s  developer Terry Cook, “but financing is impossible.” Cook, of Portland-based Cook Development, says he had about 50% of the retail and residential building pre-sold but after pitches to 64 lending sources, he came up empty.

Still, MURA director Jackie Rodgers is optimistic that other downtown redevelopment projects will pick up the slack. Ground may be broken as early as October on The Commons, an eight-block development project (including three blocks of open space) anchored by the Lithia Motors headquarters. A Bartlett Street overhaul is also well under way and the street will eventually break through a parking structure that currently breaks its flow. A new higher education building for Rogue Community College and Southern Oregon University should be done by fall 2008.

Rodgers also points out that dozens of downtown buldings have received facelifts through the city’s façade program, receiving grants between $1,000 and $37,500 to spiff up historic structures.

Salvatore Mellelo, who started his Mellelo Coffee Roasters business in a corner espresso stand in 1992, says he’s pleased with the progress downtown is making, despite the fact that he was forced to close one of his three downtown shops, the one at the downtown branch of the library, due to a lack of foot traffic. Jackson County closed its libraries in April when officials were unable to find a funding source.

“When I first started, I didn’t see much in the way of loving downtown,” Mellelo says. “But I’ve always loved downtown. I thought, ‘I know what this could be.’”

Despite the setbacks, he still does.

CHRISTINA WILLIAMS

Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Trends in business succession

News
Thursday, July 03, 2014
TrendsBY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS

The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.


Read more...

Poll Wrap-Up

News
Friday, August 15, 2014

2014 NewPoll-report-newsletterthumbIn this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.


Read more...

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

Molecular Movies

September 2014
Wednesday, August 27, 2014
BY LINDA BAKER

Dr. Chong Fang isn’t God. But the assistant professor of chemistry at Oregon State University is getting closer to figuring out how he put everything together. 


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


Read more...

Two sides of the coin

Contributed Blogs
Monday, August 25, 2014
0825 thumb moneyBY JASON NORRIS | OB GUEST BLOGGER

Ferguson Wellman’s investment views on the economy and capital markets.


Read more...

Attack of the Robin Sages

Contributed Blogs
Monday, July 07, 2014
070714 thumb linkedinfakesBY TOM COX | OB BLOGGER

Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS