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|Articles - January 2010|
|Wednesday, December 16, 2009|
Page 2 of 5Schnitzer Steel’s Ann Gardner, spokeswoman for the Working Waterfront Coalition, calls the harbor “an irreplaceable economic resource.”
About 38,400 people work in Portland Harbor. For job seekers who don’t have college degrees, these jobs are often the best option available, with healthy wages and full benefits. They are also jobs with heavy economic impact, because many are within the traded sector — products manufactured locally and sold elsewhere — bringing fresh income into the regional economy and driving prosperity.
But the harbor has lost 3,600 jobs since 2000 according to the most recent figures from the Portland Bureau of Planning and Sustainability. One reason for that stagnation is the uncertainty and stigma of Superfund. A six-mile stretch of the Willamette was listed as a Superfund site in 2000, and the boundaries have expanded to include 10 miles of river from the Broadway Bridge to Sauvie Island. While no one can predict with confidence exactly how long it will take to clean up the lower Willamette to the specifications of the Environmental Protection Agency and how much that effort will cost, few doubt that it will take decades and cost hundreds of millions of dollars.
Sprawling waterfront properties such as the Arkema site are expected to remain vacant well into the future given that level of risk, even as business groups clamor for more industrial land. “As soon as you just mention that word Superfund, people start to quiver,” says Bill Wyatt, executive director of the Port of Portland, the largest property owner in the harbor. “These are not properties for the meek at heart.”
The fear can lead to costly paralysis. According to a 2008 report paid for by the Portland Development Commission, failing to redevelop key harbor properties such as the Arkema site over the next 10 years could cost the region $320 million in investment, $81 million in annual payroll and 1,450 jobs.
In addition to the cost of doing nothing, there is the expense of the Superfund process itself. “Every year that this process continues costs us a tremendous amount of money in outside lawyers, outside consultants and all of the accoutrements that go along with something this big,” Wyatt says.
Portland was built on the Willamette River, and the city’s 150-year history has forever altered that body of water. The West Coast’s first navigation channel enabled timber and grain exports starting in the 1850s. The railroad followed in the 1880s. After a lull during the Depression years, the harbor shifted into full gear during World War II, as workers built Liberty Ships for the Navy and rail cars for the Soviet Union.
Since the war years, healthy business clusters have developed in international trade, ship repair and metals manufacturing. Little thought was given to the ecological health of the river until the 1970s, when Gov. Tom McCall campaigned against pollution in the Willamette and spearheaded efforts to clean up Oregon’s defining waterway. But by then much of the damage had been done. It was just a matter of time before the pollution bill came due. City and state officials attempted to keep the federal government out of the picture by promising a voluntary cleanup, but in the end the EPA prevailed. The Superfund listing leaves more than 100 harbor businesses and property owners facing potential liability, including major employers such as the port, Gunderson, Schnitzer Steel, Daimler, Siltronic, NW Natural, United Pacific Railroad, Vigor Industrial, Sulzer Pumps, Esco and Evraz.
Wednesday, June 10, 2015
Jeff Lang and his wife Rae used to dole out campaign checks like candy. “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”
Thursday, July 09, 2015
The sweltering weather didn't keep the crowds away. Although the numbers were down slightly from last year, the Oregon Food Bank raised $850,636 to fight hunger. About 80,000 people attended despite temperatures in the upper 90s.
Thursday, June 18, 2015
Fireworks are a booming industry, even if the pyrotechnics have turned July 4th into a day fire marshals, and many residents, love to hate.
Monday, July 13, 2015
BY KIM MOORE | PHOTOS BY JASON E. KAPLAN
A New York floral and gift business takes on the iconic Harry & David brand.
Wednesday, July 15, 2015
Oregon's roads are crumbling, and revenues from state and local gas taxes are not sufficient to pay for improvements. We asked readers if the private sector should help fund transportation maintenance and repairs. Research partner CFM Strategic Communications conducted the poll of 366 readers in February.
"I feel private enterprises are capable of operating at a higher efficiency than state government."
"This has been used in Oregon since the mid-1800s. It is not a new financing method. This form of financing may help Oregon close its infrastructure deficit by leveraging funds."
Monday, July 06, 2015
Picking a business partner is not much different than choosing a spouse or life partner, and the business break-up can be as heart-wrenching and costly as divorce.
Wednesday, July 01, 2015
There are more than 10 million former military members working in the United States.
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Court experience helps legal firm anticipate potential problems for clients and prevent expensive litigation.
When Garmin AT needed to consolidate operations for its 550 employees, it scanned its entire corporate map for possible sites.
The technology industry is always in flux. And this rapid rate of change poses challenges to companies ranging from nimble startups aiming to make their mark to established organizations fighting to remain relevant. This is particularly true in the competitive digital display market, where an Oregon company has been at the forefront of nearly every major breakthrough in the last three decades.
A look back at the shifting sands of Portland’s growth and development.
Robert S. Wiggins has joined Lane Powell as a Shareholder in the Corporate/M&A Practice Group. Wiggins is a well-known lawyer, entrepreneur, and investor with more than 30 years of experience leading and advising established and emerging companies in the Pacific Northwest. Wiggins will focus his practice on offering outside general counsel services, including general corporate and board representation, business transactions and capital events.
DEDICATION PARTY: Help the Port of The Dalles celebrate its newest shovel-ready industrial land Friday, July 31, from 1:30 to 4 p.m.