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|Articles - January 2010|
|Wednesday, December 16, 2009|
Page 1 of 5
Portland Harbor is a critical economic engine stalled by the uncertainty and stigma of being a Superfund site. It will take decades to restore the Lower Willamette River and the transition will be unpleasant, expensive and complex. And crucial.
STORY BY BEN JACKLET // PHOTOS BY MICHAEL G. HALLE
At first glance, the vacant 50-acre property next to the railroad bridge looks like an ideal stage for creating jobs, with a deep-water channel to the Pacific Ocean, rail access and a broad expanse of level, cheap land. Situated in the heart of Portland’s industrial harbor, it occupies an enterprise zone as well as an Urban Renewal Area, meaning government incentives are available for investors.
Yet nobody is investing, because nobody wants to inherit the liability. Groundwater monitoring wells dot the property, and workers out in the muddy field take samples and record data as part of a seemingly endless cleanup that is a prelude to bigger and more expensive cleanups to come.
The Arkema site, as this property is known, is Ground Zero of the complicated mess known as the Portland Harbor Superfund site. Industrial pesticides including DDT were manufactured here, and toxins drained straight into the Willamette River. A drainage ditch from another long-closed chemical plant that used to make Agent Orange added to the toxic soup. A nearby lake is so contaminated that it needs to be drained and capped. Plans call for a huge underground barrier wall to stop the flow of groundwater into the river, combined with extraction wells to pump out dirty water and treat it. Two massive corporations, Arkema (which recently spun off from the French multinational company Total) and Sanofi-Aventis (the fourth-largest pharmaceuticals company in the world), are fighting over liability. The larger effort to clean up the Lower Willamette River is on hold until they clean up their messes because no one wants to spend hundreds of millions of dollars to clean up a 10-mile stretch of river, only to have it recontaminated.
Superfund is not a process anyone wants to go through twice.
Both upstream and downstream from the abandoned Arkema property, at far livelier waterfront properties throughout the harbor, workers are welding barges and railcars, manufacturing steel pipes and silicon wafers. Trucks haul trash to the transfer facility, parts to factories and finished products to market. Freight trains rumble through sprawling rail yards. Gasoline gushes in from the pipeline that connects Portland with the refineries of Cherry Point, Wash. Huge ships import Toyotas and televisions and export wheat and soda ash, the principal ingredient used to make glass.
The basic industries on which Portland was built continue to hum along even after two years of recession, as vital to the regional economy as ever. “We have a manufacturing base in this city that most mayors would give their left arms for in terms of who’s operating here and how successful they are,” says Mayor Sam Adams.
Friday, June 27, 2014
BY JASON NORRIS | OB BLOGGER
Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.
Wednesday, July 09, 2014
BY LINDA BAKER | OB EDITOR
Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.
Thursday, June 05, 2014
BY HANNAH WALLACE | OB BLOGGER
What does it take to launch and run one of these mobile food businesses?
Thursday, July 10, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.
Monday, July 07, 2014
BY 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.
Thursday, June 12, 2014
BY ANDREA DURBIN | OB GUEST BLOGGER
Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.
Thursday, July 24, 2014
BY 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.
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