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|Articles - January 2010|
|Wednesday, December 16, 2009|
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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, June 26, 2014
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What does it take to launch and run one of these mobile food businesses?
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.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
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?
Thursday, June 19, 2014
BY MONICA ENAND | GUEST CONTRIBUTOR
Nine tips for building habits among employees to respond when needed.
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.
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