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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."
Tuesday, February 25, 2014
BY AMY MILSHTEIN
Kelly Dachtler, president of The Clymb, redefines outdoor retail.
Friday, March 14, 2014
BY TOM COX | OB BLOGGER
Five books that will make you a better leader.
Thursday, February 27, 2014
Our 100 Best Companies project turned 21 this year, so pop open the Champagne. Our latest survey gives us plenty to cheer.
Tuesday, February 25, 2014
Health care and vacations rule. That’s the consensus from our reader poll on workplace benefits that help retain and recruit employees.
Friday, April 04, 2014
BY ERIC FRUITS
The rapidly rising cost of higher education has left even the smartest researchers and the wonkiest of wonks wondering what’s happening and where’s all that money going. More and more, prospective students—and their families—are asking: Is college worth the cost?
Thursday, April 03, 2014
BY OB STAFF
Learn how to green your workplace and lower your environmental footprint at the office. Oregon Business presents a two-hour "Greening Your Workplace" seminar on May 28th, 2014 at the Nines Hotel in Portland.
Thursday, March 20, 2014
BY JASON NORRIS | GUEST BLOGGER
I don’t think anyone can (or should) remember what it was like to get things done without the internet. This milestone in technology has certainly benefited brick-and-mortar companies and subsequently launched a new era of businesses.
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Marketing the state brings new business, new jobs and a better quality of life for everyone.
Living in the beautiful Pacific Northwest means enjoying our wonderful surroundings, while remaining aware of the multiple types of natural disaster threats that we face: winter storms, windstorms, floods, landslides, earthquakes, volcanoes and tsunamis.“
Oregon State University's hospitality degree program invests in next-generation leaders.
NAI Norris, Beggs & Simpson just completed their newly rebranded First Quarter Market Reports. Not only does it feature a brand new format, but the report ensures accuracy due to the annual truing up of their database.
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