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|Articles - January 2010|
|Wednesday, December 16, 2009|
Page 5 of 5But other once-promising deals have fallen victim to Superfund angst. The port had hoped to work out a deal with a biodiesel company at Terminal 4 north of the St. Johns Bridge, but the company backed out after considering the environmental risk.
The PDC is working to avoid a similar failure at the 25-acre Linnton Plywood site in North Portland. The mill there shut down in 2001 when the market for plywood collapsed, and the worker’s cooperative that owns the property has been trying to sell it for seven years. For the 200 or so members of the co-op, mostly aging retirees, a comfortable retirement depends on the sale of this property. A number of potential buyers have considered investing, most recently Arco/British Petroleum, which operates a neighboring facility and has proposed a LEED-certified expansion onto the Linnton property.
A new investment at Linnton Plywood could bring a big boost to the effort to revitalize the harbor. The property is not nearly as contaminated as many others in the harbor, the seller is motivated and the buyer is proposing ecological restoration and new jobs. But uncertainty has kept the deal on hold, and the deadline is nearing.
“I’m not sure we can save the transaction, but we have to try,” says William Hutchison, a partner at the Roberts Kaplan law firm who represents the co-op. “This is an urgent situation. I worry that if we’re not able to deliver a solution soon, some of the members may not live to get the benefits they are due.”
In her State of the City speech in 2001, then-Mayor Vera Katz introduced an ambitious new program called River Renaissance with the goal of improving both the economy and ecology of the Willamette River. To that end, city planners have been collecting ideas and exploring strategies to restore the river’s ecosystem without infringing on the needs of business. The end result of that effort is a deeply complex River Plan for the North Reach of the Willamette, with a plethora of new maps, charts and recommended policies. The plan offers much for industry, including $586.8 million in transportation infrastructure, but harbor businesses have united to attack it bitterly, saying it would raise costs and kill development. The overwhelmingly negative response from businesses has held up passage of the River Plan.
Part of the plan calls for more than 20 new restoration sites within the harbor for businesses to mitigate for the environmental impacts of new development. Businesses unable to restore their own properties could pay to restore these “mitigation banks.”
Gardner of the Working Waterfront Coalition says new fees and complicated new rules are the last things harbor businesses need in this economy, with the uncertainty of Superfund already slowing development. The coalition presented a letter of protest to the Portland Planning Commission in June, asking, “Why would a company invest in the harbor if permitting and fees are so much more complex and costly than they would be elsewhere? The proposed plan also reduces our ability to compete globally and react quickly to changing market opportunities. The result is lost jobs for the city and the region.”
Environmentalists such as Bob Sallinger, of the Audubon Society of Portland, who joined Gardner on a committee that helped craft the plan, are not sympathetic. “These companies and their shareholders profited from the degradation of the river,” he says. “They have the responsibility to pay for that damage, and to make sure it doesn’t happen again.”
The dispute has grown increasingly contentious and resulted in a series of behind-closed doors negotiations between Mayor Adams and industry representatives. Adams says he is committed to finding a solution that works for the business community as well as the environment. “We’ve got a lot of work to do but collectively we are more than up to the task,” he says. “I refuse to accept that it’s either green or it’s good for business. We have proven in Portland that you can accomplish both.”
That may be true in parts of Portland, but it is not yet true in the Portland Harbor Superfund site. It will take decades of fighting, negotiating, encouraging and cajoling to restore the Lower Willamette River and set a course toward a more sustainable future for Portland Harbor. The transition is unlikely to be pleasant and almost certain to be expensive, time consuming and mind-numbingly complex. It is also crucial, to Oregon as well as Portland.
The harbor economy has brought prosperity to the region for 150 years, and it has the potential to do so for another 150 years into the future. But progress will remain sluggish until the river is cleaned up and the stifling weight of Superfund is lifted.
Saturday, December 13, 2014
Seven tidbits about the president and CEO of AKT Group.
Thursday, December 11, 2014
There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation. Here’s an excerpt:
The authors, Henry Timms and Jeremy Heimans, don’t necessarily favor one form of power over another but merely outline how power is transitioning, and how companies can take advantage of these changes to strengthen their positions in the marketplace.
Our Powerbook issue might be viewed as a case study in the new-power transition. This annual book of lists provides information on leading businesses, nonprofits and universities in the state. Most of the featured companies are entrenched power players now pursuing more flexible and less hierarchical approaches to doing business. Law firms, for example, are adopting new technologies and fee structures to make legal services more accessible and affordable.
In this issue, we also take a look at a controversial new U.S. Securities and Exchange Commission rule requiring public companies to disclose the median pay of workers, as well as the ratio between CEO and median-worker pay.
Part of the 2010 Dodd-Frank financial reform law, the rule will compel public companies to be more open about employee compensation, with the assumption that greater transparency will improve corporate performance and, perhaps, help address one of the major challenges of our time: income inequality.
New power is not just about strategy and tactics, the Harvard Business Review authors say. “The ultimate questions are ethical. The big question is whether new power can genuinely serve the common good and confront society’s most intractable problems.”
That sounds like a call to arms. Or a New Year’s resolution. Old power or new, the goals are the same: to be a force for positive change in the world. Happy 2015!
Monday, November 10, 2014
BY KIM MOORE | OB RESEARCH EDITOR
A market for low-carbon transportation fuels has a chance to flourish in Oregon if regulators adopt the second phase of the state’s Clean Fuels Program.
Wednesday, October 22, 2014
BY AMY MILSHTEIN
Meetings get a bad rap. A few local companies make them count.
Thursday, December 11, 2014
BY JESSICA RIDGWAY
Lawger upends the typical hourly based fee model by letting clients determine the cost.
Wednesday, October 22, 2014
BY KIM MOORE
Fred Ziari aims to feed the global population.
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE
Bans on genetically modified crops create uncertainty for farmers.
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Amy will practice in the firm's Business, Real Estate, and Tax practice groups.
While the Bend City Council ultimately upheld the approval which enables OSU-Cascades to move forward with the 10 acre site, it did also thoughtfully consider the nature of its code requirements, resident concerns and OSU-Cascade’s efforts and suggestions and crafted conditions of approval to address potential impacts of the site in the area.