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|Articles - November 2010|
|Thursday, October 21, 2010|
Page 2 of 6
The Warm Springs are one of four tribes with treaty fishing rights on the Columbia River, and while fishing hasn’t brought them much prosperity in recent years, it is increasingly valuable as salmon runs improve. But salmon money is nothing compared to the value of a casino next to a major interstate, a short drive from Portland. “This is the means for us to rebuild our economy, our way,” says Pitt. “People keep telling us what we should do with our land. They say ‘build a museum.’ Well we built a museum on the reservation. It was a loser. We’re not in business to go broke.”
Census figures show that there is no community in Oregon more in need of economic rebuilding than the Warm Springs Indian Reservation. Per capita income on the reservation is less than half the national average. The college graduation rate is about one-fifth that of the rest of the nation. Nearly three times as many families live in poverty as in the rest of the country. The community has no local high school, saddling teenagers with a tedious daily bus ride to and from Madras that contributes to an already high dropout rate.
The numbers tell a different but similarly grim story in Cascade Locks. With more than 100 acres of vacant property in an industrial area once humming with timber jobs, the entire assessed value of the city adds up to $68 million, Seeger says. That results in just $168,000 per year in property taxes. “I can’t run a city on $168,000,” he says. Fortunately for him, the city also runs the utilities, which bring in enough revenue to keep the lights on — barely. The city can only afford to fund local police protection for 24 hours per week.
Pitt is only half-joking when he suggests that there should also be a fourth tribe under the Warm Springs banner in addition to the Warm Springs, the Wasco and the Paiute: the Cascade Locks. “It’s unbelievable how poorly these guys get treated in the Gorge,” he says. “They’re like second-class citizens, and we know all about that.”
Unlike other former timber towns, Cascade Locks has identified a way out of poverty. “We’re talking about 1,700 permanent jobs,” says Seeger. “That would triple our population. And this isn’t a project that’s going to be outsourced to India or China. The tribe is going to be here forever.”
After years of roadblocks, there’s a sense of momentum in Cascade Locks following the completion of the Final Environmental Impact Statement in August. A large sign in the center of town reads, “Welcome Warm Springs. Welcome jobs.” A carload of curious tourists pulls up as Pitt and Seeger tour the property and wishes them luck with getting the casino approved. On the business side, Pitt says the Warm Springs have entered into discussions with investors eager to back the project once it gets federal approval. Howard Arnett, a Bend attorney who has been representing the tribe since 1980, says, “I feel better about our chances than I have in a long time…We’ve cleared every hurdle.”
But more hurdles may lie ahead. Justin Martin, a Grand Ronde tribal member and lobbyist who is working to block the Cascade Locks deal, says the Warm Springs still have a long ways to go before building a new casino. “They’ve reached the end of the beginning of the process,” he says. “That’s it.”
Friday, August 22, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
When business intersects with family, a host of situations can arise. Without a clear vision and careful planning, hard-earned investments can become stressful burdens.
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.
Monday, August 25, 2014
BY JASON NORRIS | OB GUEST BLOGGER
Ferguson Wellman’s investment views on the economy and capital markets.
Wednesday, August 13, 2014
BY TOM COX | OB BLOGGER
When I say, “Your Employee is Always Right,” I do not mean “right about the facts,” but rather “right about how they feel” and “right about how they want to be led.”
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.
Wednesday, August 20, 2014
By Kim Moore | OB Editor
The 2015 survey launched this week. It is open to for-profit private and public companies that have at least 15 full- or part-time employees in Oregon.
Wednesday, August 06, 2014
BY LINDA BAKER | OB EDITOR
Portland startup Green Endeavor strikes gold, inking a partnership with Underwriters Laboratories, an Illinois-based consulting and certification company with offices in 46 countries.
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