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

The short list: Holiday habits of six Oregon CEOs

The Latest
Thursday, December 11, 2014
121214-xmaslist1BY JACOB PALMER | OB DIGITAL NEWS EDITOR

We ask business and nonprofit leaders how they survive the season.


Read more...

Convention Wisdom

February 2015
Monday, January 26, 2015
BY KIM MOORE

After more than a decade of wrangling, construction on a convention center hotel in Portland is slated to start this summer. But debate over project financing continues.


Read more...

Which Way to Chinatown?

February 2015
Monday, January 26, 2015
BY AMY MILSHTEIN | PHOTOS BY JASON E. KAPLAN

The Jade International District, already Portland's center of Asian life, is poised for rejuvenation. Where does that leave the westside's historic Chinatown?


Read more...

Carbon Power

February 2015
Tuesday, January 27, 2015
BY LINDA BAKER

Researchers in a multitude of disciplines are searching for ways to soak up excess carbon dioxide, the compound that contributes to global warming.


Read more...

Corner Office: Marv LaPorte

January-Powerbook 2015
Saturday, December 13, 2014

The president of LaPorte & Associates lets us in on his day-to-day life.


Read more...

Light Moves

February 2015
Monday, January 26, 2015
BY JACOB PALMER

Fittingly, Light at Play — a business whose sole purpose is to create mesmerizing ambience — was conceived at Burning Man.


Read more...

Tackling the CEO-worker pay gap

January-Powerbook 2015
Thursday, December 11, 2014
BY OREGON BUSINESS STAFF

An SEC rule targets the disparity between executive and employee compensation, reigniting a long-standing debate about corporate social responsibility.


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