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|Archives - December 2009|
|Sunday, November 22, 2009|
With Allen's development rights due to expire in November 2010, the Blazers have launched a campaign to redevelop the quarter into "JumpTown," a vibrant and super-green entertainment center. They've hired local architect Rick Potestio and partnered with Nike and the Baltimore-based Cordish Companies to draw up plans involving restaurants, brew pubs, public art, music clubs, a 250-room hotel and an "interactive center" telling the story of how Nike grew from an idea into a $20 billion sports empire. That would be phase one. Phase two would involve waterfront offices and housing — once the real estate markets rebound.
"We're hoping this will be a catalytic project," says J.E. Isaac, senior vice president of business affairs for the Blazers. "If it's done right, it will stimulate a lot of development."
But it won't get done for free. The plan will require a "substantial public investment," Isaac says.
At the center of the property lies the Memorial Coliseum, which is owned by the City of Portland. Mayor Sam Adams has assembled a 32-member stakeholder committee to consider how best to modernize the coliseum, which draws about 450,000 visitors per year but needs upgrading. Early recommendations for the building range from an indoor Pike Place-style public market to a tribal casino with a hotel. Expect a lengthy public process.
Isaac says the Blazers intend to "lead by listening." But there is little doubt who has the inside track in this race. Blazers president Larry Miller, who worked with Nike for 10 years before joining the franchise, says one of his first conversations with Allen focused on redevelopment strategies. Miller's Nike connections helped boost plans for the Nike building, and Miller also initiated the relationship with Cordish, a huge company that has led similar redevelopments in Kansas City, Houston and Louisville.
It remains to be seen how eagerly Portlanders will embrace an out-of-state developer. But a local option may not exist. The recession has been hard on Oregon's big-picture visionaries, several of whom are still struggling to stem the bleeding on the South Waterfront project. Asked what Cordish offers that local firms lack, Isaac gets straight to the point: "Expertise — and money."
Thursday, January 22, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
They say maintaining a healthy marriage takes work. So does running a business with your spouse.
Saturday, December 13, 2014
Seven tidbits of information from an agency partner and co-founder of Waggener Edstrom in Lake Oswego.
Friday, January 23, 2015
BY DAN COOK | PHOTOS BY JASON E. KAPLAN
A real-estate developer and a Lithia Motors executive aim to revamp the city's forlorn downtown.
Thursday, December 11, 2014
BY APRIL STREETER
Democratic gains pave the way for a revival of environment and labor bills as revenue reform languishes.
Wednesday, January 07, 2015
BY LINDA BAKER | OB EDITOR
The Oregon Business Plan Leadership Summit drew more than 1,000 people to the Oregon Convention Center yesterday.
Saturday, December 13, 2014
Checking in with the managing director of Arnerich Massena.
Thursday, December 04, 2014
BY DEBRA RINGOLD | OP-ED CONTRIBUTOR
How important are institutional and/or program evaluations provided by third parties in selecting a college or university program?
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Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
How sports tourism is driving economic growth and making cities across Oregon a better place to live.
Port of Morrow's business-ready attitude has a surprising global impact.
Through its support of the arts, the Cultural Trust is strengthening the business community.
The official launch will be Jan. 14.
In a switch on the traditional trade show, representatives from UO departments and local and state agencies will host tables to connect with businesses and vendors. The fourth Reverse Vendor Fair will take place Wednesday, Feb. 25, in Eugene.
Featuring Oregon Department of Agriculture Director Katy Coba along with high-profile Oregon Ag attorney Tim Bernasek whose recent matters include representing the Oregon wheat farmer who discovered unreleased “Roundup Ready” resistant GMO wheat growing in his fields.