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|Articles - November 2010|
|Thursday, October 21, 2010|
Page 1 of 6
BY BEN JACKLET
The signs of the economic times are impossible to ignore as Louis Pitt and Bernard Seeger roll from one end of Cascade Locks to the other, past the high school that recently shut down, the housing development that has stumbled into foreclosure and the lumber mill that has laid off its workforce indefinitely.
At first glance the two men seem an odd couple. Pitt, the director of government affairs and planning for the Confederated Tribes of the Warm Springs, is a hulking but soft-spoken Native American with long, dark hair and a deep, easy laugh. Seeger, city administrator for Cascade Locks, is a wiry, intense West Point graduate who runs the Pacific Crest Trail for recreation when he isn’t trying to run a city on limited resources. Pitt chuckles at the notion of running for fun; he prefers golf. But in spite of their completely different heritages and personalities, the two men share a strong conviction that a new casino in the Columbia River Gorge would do wonders for their constituencies, and for Oregon’s ailing economy.
At the far end of town they reach their destination: 25 acres of grass and oak trees next to the highway, a former lumber mill zoned light industrial. Nine million cars drive past this location each year. This is where the Warm Springs and Cascade Locks have been trying for nearly a decade to build a new tribal casino within 45 minutes of downtown Portland. They say the project would bring 400 construction jobs, 1,700 year-round jobs, $850 million for college scholarships, and $85 million for environmental restoration and economic development in the Columbia River Gorge — not to mention a road to economic self-sufficiency for the tribe and a ticket out of post-timber small-town depression for Cascade Locks. After years of opposition and delays, they recently earned preliminary approval from the federal government, and a final “record of decision” could come any day.
At least that’s how Seeger and Pitt prefer to see it. “We’ve been beating on this dog for so long,” says Seeger. “There’s not a flea left on it.”“We’re getting real close,” adds Pitt. “If this were a football game we’d be in the two-minute drill.”
But time could be running out. Environmental groups such as Friends of the Gorge remain steadfast against the casino, as do competing tribes and, perhaps most significantly, both candidates for governor. The jackpot is undeniably lucrative, but the odds are long for anyone hoping to change Oregon’s gambling status quo. And the Warm Springs and Cascade Locks are not the only players angling for radical changes.
A pair of Lake Oswego businessmen have partnered with a Las Vegas consultant and a Canadian investment firm in a bid to turn an abandoned former dog track in Wood Village into a $500 million casino and entertainment center, with rooftop gardens and an indoor/outdoor water park along with more slot machines than the largest casinos in Las Vegas. Also in the game is the Cowlitz tribe, which is working to set up a reservation anchored by a huge casino in La Center, Wash., backed by one of the wealthiest gaming tribes in the nation, the Mohegans.
Opposing all three of these projects are two entities that have grown exponentially as a direct result of gambling money: the Grand Ronde tribe and the state-run Oregon Lottery. Both these players are under heavy pressure to keep the money flowing into programs such as tribal health care clinics and public schools, and the last thing they need in a faltering economy is new competition closer to the state’s dominant financial center. That’s a change that few in state government would welcome, with budget shortfalls already requiring huge spending cuts. Both Republican Chris Dudley and Democrat John Kitzhaber have declared their opposition to the Warm Springs deal, meaning the stakes are high for the tribe to make something happen quickly in Cascade Locks. Indeed, the stakes are high for all of the players vying to develop a casino close to Portland.
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.
Tuesday, July 08, 2014
BY LINDA BAKER | OB EDITOR
The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment.
Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.
Thursday, July 10, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Dr. Mark Goulston, author of Just Listen, Discover the Secret to Getting Through to Absolutely Anyone.
Monday, August 25, 2014
BY JASON NORRIS | OB GUEST BLOGGER
Ferguson Wellman’s investment views on the economy and capital markets.
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?
Tuesday, August 19, 2014
BY TOM COX | OB BLOGGER
Tom Cox interviews Steve Balzac, author of "Organizational Psychology for Managers."
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