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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.
Thursday, June 26, 2014
BY ERIC FRUTS | OB BLOGGER
Last year, the housing market in Oregon—and the U.S. as a whole—was blasting off. The Case-Shiller index of home prices ended the year 13% higher than at the beginning of the year. But, was last year a blip, or a trend?
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 26, 2014
Friday, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
Thursday, July 31, 2014
BY MARY SPILDE | OB GUEST CONTRIBUTOR
Faced with the aftermath of the “great recession,” increasing concern about the environment and dwindling family wage jobs, we have some very important choices to make about our future.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Thursday, July 24, 2014
BY LINDA BAKER | OB EDITOR
Remember the naysayers? Those who called the South Waterfront aerial tram a boondoggle? Those who rejoiced at the massive sell off of luxury condos at the John Ross and Atwater Place?
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