|| Print ||
|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.
Thursday, May 29, 2014
BY COURTNEY SHERWOOD
Business and civic leaders weigh the risks and rewards of going green.
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
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?
Friday, May 30, 2014
Watch the 2014 100 Best Green Companies keynote speech by Eric Friedenwald-Fishman.
Wednesday, July 02, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.
Tuesday, May 27, 2014
Oregon is known for its green-minded citizens, and many workers are attracted to firms and organizations that practice green, not just pay lip service to it.
Friday, June 13, 2014
BY CLIFF HOCKLEY | OB GUEST BLOGGER
This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.
|The Private 150: Bigger But Leaner|
|The Perfect Food|
|Powerlist: Staffing Firms|
|Taxis Uber Alles?|
|GM profit declines 80%|
|Study: Dogs can feel jealousy|
|Boeing profit surges 52%|
|Apple: iPhone sales jump|
|Comcast profit rises 15%|
|American fast food chains snagged by food safety scandal in China|
|Washington volcanoes receive more scientific scrutiny|
Vigilant enters a New Year with a new president.
How George Fox has become one of Oregon's largest private universities.
Forest Grove sees growth in the burgeoning food and beverage scene.
Geffen Mesher is saddened to announce the passing of long-time shareholder, Tom “Mike” Anderson, who died on July 10, 2014, from liver disease diagnosed after recent heart surgery. He was 55 years old.
Fifteen Lane Powell attorneys have been named 2014 “Oregon Super Lawyers,” and another five attorneys have been named as “Oregon Rising Stars” by Super Lawyers magazine.
From its first-ever member forum, to upcoming Board elections, the Oregon-based, non-profit health organization is focused on letting members control their healthcare destiny.