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|Articles - July 2010|
|Thursday, June 24, 2010|
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Oregon's once-golden destination resort industry is under fire and in flux and the future is anything but clear.
BY ROBIN DOUSSARD
The expansive sales office at Remington Ranch in Powell Butte sits empty and shuttered, mostly bare inside except for a large relief map of what the 2,080-acre destination resort entailed when it was approved in 2006 by Crook County: 800 homes, 400 overnight units, three golf courses, retail shops and several restaurants.
That was the plan before the housing market began its freefall in 2007 and Remington shut down sales the same year. It was before Crook County voters in 2008 voted for a moratorium on large destination resorts. And it was before Remington Ranch filed for bankruptcy this January.
But to Chris Pippin, the resort’s youthful Stanford-educated project manager and son of James Pippin, Remington’s managing member, the promise is still there. As he tours the scrubby high-desert landscape on a cold early-spring day, pointing out one golf course that is 75% complete, Pippin sees a future for Remington: Moneyed baby boomers will keep retiring, the Central Oregon sun will keep shining, and as luck would have it, Crook County “closed the door behind us.” That door was shut after four resorts had been approved: Brasada Ranch, Hidden Canyon, Remington Ranch and Crossing Trails, a combined 7,700 acres and 6,500 overnight and home units.
“In some ways it is a positive that we didn’t get too far down the road with a product we couldn’t sell,” Pippin says, referring to the 800 unbuilt homes. He’s looking for a big push in sales in spring 2011 once Remington comes out of bankruptcy reorganization.
Pippin may or may not be right about the future of his property, which Winchester Development paid $10 million to acquire. He could be the only upbeat developer left in Oregon. Maybe it is the required optimism of any developer talking to the press these days, much less one whose dad has skin in the game as one of the property’s owners.
But he does have one thing right. The door has closed — if not forever than at least for a good while — on the large resorts with hotels, golf courses and homes that dot the state and blanket Central Oregon. It’s a once-coveted business that’s in trouble with regulators, residents, environmentalists and the development industry. It’s a business under fire and in flux, and one with an uncertain future.
Jerry Andres, president and CEO of Jeld-Wen Development, is blunt and unequivocal:
“Destination resorts are done in Oregon.”
Friday, July 10, 2015
BY JOE CORTRIGHT
The false promise of economic impact statements.
Tuesday, June 09, 2015
The technology at the center of Oregon’s road usage fee reform.
Monday, July 13, 2015
BY CHRIS NOBLE
Whether you're stepping out to work or onto the track, Pacific Northwest shoe companies have you covered.
Friday, July 10, 2015
BY JACOB PALMER
Most of the food Americans consume is trucked in from hundreds of miles away. Eric Wilson, co-founder and CEO of Gro-volution, wants to change that. So this past spring, the Air Force veteran and former greenhouse manager started work on an alternative farming system he claims is more efficient than conventional agriculture, and also shortens the distance between the consumer and the farm.
Wednesday, June 17, 2015
Wednesday, June 03, 2015
As part of our green workplaces story, Oregon Business checked out a community service project undertaken by Portland Youth Builders, a nonprofit alternative high school. In partnership with Whole Foods, PYB built garden boxes for a Home Forward housing site. Home Forward is a government agency that provides housing for low income residents and people with disabilities.
Wednesday, July 22, 2015
Charlie Hales has long viewed sound urban planning as the route to salvation: social, economic and environmental. This week, the mayor's city design philosophy got the nod of approval from a bona fide spiritual authority, Pope Francis.
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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.