|| Print ||
|Articles - November 2010|
|Thursday, October 21, 2010|
Page 3 of 6
Justin Martin was 13 years old in 1983 when the Grand Ronde tribe won back recognition from the federal government after having been “terminated” as a federal tribe in 1954. He remembers his mother being jazzed about the news, but he had no premonition of how significantly it would alter his life and his community until he went in October 1995 to visit what he assumed was the tribe’s new bingo hall, only to be blown away by the magnitude of the Spirit Mountain Casino. In the 15 years since, Martin has earned an advanced degree from Harvard and built a powerful lobbying business in Salem, and the Grand Ronde have grown to more than 5,000 members who receive free health care, scholarships and even per capita annual payments from casino profits.
Tribes are not required to release detailed financial information to the public, but a recent report by two economists hired by Oregon tribes offers a window into a lucrative industry. Robert Whelan and Alec Josephson of ECONorthwest found that Oregon’s tribal casinos employed 5,614 people in 2008 and generated nearly $1.64 billion in economic output on revenues of $577.6 million.
Given that Spirit Mountain contains about a third of the tribal gaming machines statewide and is the closest casino to Portland, it’s safe to estimate that the Grand Ronde tribe earns about $200 million per year in net revenues at Spirit Mountain (total sales minus complimentary goods and services given away). Since setting up the casino the Grand Ronde tribe has earned more than $833 million in gaming profits (amount bet minus payouts).
But Martin is quick to point out that “12 or 13 years of economic success don’t come close to fixing the problems of the past 150 years.” True, unemployment and alcohol and drug addiction rates have improved among tribal members, he says. But they are still worse than the national averages. In addition, there’s no guarantee that the cash cow that has brought the tribe its recent prosperity will continue producing.
The Grand Ronde face increased competition from the state and constant demands to continue funding expensive tribal programs and to pay for a recent slew of ambitious upgrades at the casino. “Just like any other government we’re facing problems with how to fund our programs,” says Martin. “It’s been a challenge. We’re under pressure to pay off debts.”
Still, unlike other tribal casinos in more rural areas and larger players in the business, the Grand Ronde have not been forced to lay off workers. They employ 1,500 people at Spirit Mountain, and ubiquitous transit and billboard ads in Portland boast that the Spirit Mountain Community Fund has generated more than $50 million for worthy projects.
Bruce Studer, the Lake Oswego financier who came up with the idea for Oregon’s first non-tribal casino, is unimpressed with that figure. “They’ve done $50 million in their entire history,” he says. “We would do $150 million a year.”
Wednesday, May 27, 2015
BY LINDA BAKER | EDITOR
More than 250 people turned out today for Oregon Business magazine’s seventh annual celebration of the 100 Best Green Companies to Work For in Oregon.
Thursday, May 14, 2015
BY JASON E. KAPLAN | STAFF PHOTOGRAPHER
There are more than 160 farmers markets in Oregon, contributing an estimated $50 million in sales, according to the Oregon Farmers Markets Association. We checked in on the Forest Grove market, which for several years has brought local produce and food vendors to Main Street in the center of town.
Thursday, June 18, 2015
While most categories of commercial real estate have performed well, one of the most robust has been apartment buildings.
Friday, May 22, 2015
BY LINDA BAKER | PHOTOS BY JASON E. KAPLAN
As the recession recedes and tourism grows, Central Oregon resorts redefine themselves for a new generation.
Friday, June 05, 2015
As temperatures in Oregon creep into the 90s this weekend, Oregonians' thoughts are turning to — summer baseball.
Friday, May 22, 2015
BY CHRIS NOBLE
The right sunglasses can protect your eyes and look cool at the same time. This being the 21st century, select shades are socially conscious, too. Portland brand Shwood uses wood and other natural materials and manufactures locally. Founded by Ann Sacks, the brand Fetch dedicates a portion of its profits to animal welfare. But whether you choose classic tortiseshell or aviator chic, please, shed the sunglasses when you walk in the door — and, of course, at night.
Tuesday, May 26, 2015
BY JACOB PALMER
Live, Work, Play: CEO of Gorilla Capital.
|100 Best Green Workplaces in Oregon|
|The Green Paradox|
|Up in the Air|
|Credit Unions Perspective|
|Queen of Resilience|
|Burt's Bees founder dies|
|Greece votes no|
|Did airlines collude to keep fares high?|
|Citigroup analyst thinks Puma should sell|
|OSU researchers examine warm-water mass|
|Appeals court rules against Apple|
|Microsoft to cut division, 1,200 jobs|
Tonkon Torp helps seed sustainability at Gunderson.
Oregon-based Environments helps companies create inspired workspaces. “Simply put, we help companies future-proof their workspaces,” says Chris Corrado, president. Since 1988,Environments has witnessed firsthand the changing landscape of business. Native Portlander and Environments founder Corrado says, “We help our clients navigate the complex realities of the workplace today and plan for their future in a very mindful, strategic way. We think of ourselves as their partners in the process.”
One hundred years ago, the Willamette River might easily have been mistaken for a sewer. Unchecked industrial activity and decades of pollution made it unrecognizable compared to the clean river that now flows north for 187 miles from Eugene through the center of Portland.
3 Degrees Event Celebrates 5th Year Bringing Nonprofit and Business Professionals Together to Benefit Portland.
Bend energy leader brings passion for efficiency and renewable energy to the nonprofit.
Event in Forest Grove marks recognition of Global Food Safety Initiative Certification.