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|Articles - September 2010|
|Friday, August 20, 2010|
The ultimate resurrection of the historic Granada Theater, built in 1929 as the first place to see a talkie west of the Mississippi, has been wobbly for many years.
Three years ago, it looked like it had just the right developer in True North Productions, a Columbia Gorge tour firm. True North had planned to put up to $2 million into the theater and tie the venue in with its tour groups. But the company, which leased the property from Boring businessman Elden Snoozy, closed shop last winter after operator Cecil F. Smith said he couldn’t make the lease payments. The state Department of Consumer and Business Services, Division of Finance and Corporate Securities, says it has two open and ongoing investigations of Smith.
So after years of trying to find the right buyer for the theater, the city has bought the theater for $387,000 in a negotiated deal with a developer. Snoozy had owned the property for 10 years.
The city won’t disclose the developer or the plans because it’s not final, but city manager Nolan Young says the intent is to get the theater into the hands of individuals who can carry out a development. “We would like the theater to continue to operate as a theater,” he says. “Beyond that, we are open to anything that will increase overall commerce and traffic downtown.”
The Granada is considered a key building in the redevelopment of The Dalles historic downtown. The theater, at Federal and Second streets, is part of a downtown block that has a higher-than-average vacancy rate and badly deteriorating structures. Young says the city is negotiating for other properties in that block as part of a larger effort to revitalize the downtown.
“This block is significant because it is located in the center of downtown commercial activity and adjacent to the Washington Street underpass and within walking distance of the future marine terminal and festival area,” Young says. He says they hope to complete negotiations in the next month.
Monday, August 18, 2014
Portland is in the middle of another construction boom, with residential and office projects springing up downtown, in the Pearl and Old Town. OB Web Editor Jessica Ridgway documents the new wave.
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.
Monday, August 25, 2014
BY JASON NORRIS | OB GUEST BLOGGER
Ferguson Wellman’s investment views on the economy and capital markets.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
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, August 15, 2014
In this week's poll, we asked readers: "Who should pay for the troubled Cover Oregon website?" Here are the results.
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.
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