Sponsored by Forest Grove Economic Development
Home Back Issues September 2007 Lesson for Portland public market from Vancouver's failure

Lesson for Portland public market from Vancouver's failure

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

{safe_alt_text}

PORTLAND The indoor Vancouver Farmers Market at Esther Short Park closes at the end of this month, crushed by debt and a bad business plan.

Market master Robert Ray says foot traffic was weak, the building was uninviting and “we were doomed from the start” because the market started out in debt with an $180,000 loan. Along with a hefty rent payment, the overhead came crashing down. The outdoor market will remain open.

Ron Paul, director of the nonprofit Historic Portland Public Market Foundation, wants to avoid the same fate. He says it’s crucial for a Portland market to open debt free, and he wants the city to provide a suitable spot. He has his sights set on Union Station in northwest Portland, but it will cost more than $30 million to upgrade the station, plus at least $6 million to make upgrades to accommodate a market, which Paul hopes to raise privately. Paul, who has tried for seven years to open a public market, hopes to have an answer on Union Station this fall. 


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

 

More Articles

Managing family assets: The importance of planning ahead

News
Friday, August 22, 2014
Unknown-1BY CLIFF HOCKLEY |  OB GUEST CONTRIBUTOR

When business intersects with family, a host of  situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.


Read more...

Who said we should sell in May?

Contributed Blogs
Friday, July 18, 2014
BullMarketBY JASON NORRIS | OB GUEST CONTRIBUTOR

Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”


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...

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


Read more...

Interview: Dr. Mark Goulston

Contributed Blogs
Thursday, July 10, 2014
JustListenBY TOM COX | OB BLOGGER

Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.


Read more...

OB Video: Dress for Success

News
Wednesday, July 02, 2014
DFSOBY JESSICA RIDGWAY | OB WEB EDITOR

Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.


Read more...

Community colleges and sustainability

Contributed Blogs
Thursday, July 31, 2014
sustainabilityBY MARY SPILDE | OB GUEST CONTRIBUTOR

Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.


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