|| Print ||
|Articles - November 2010|
|Thursday, October 21, 2010|
Page 4 of 6
For a long time it was a mystery who was behind Studer’s ambitious plans for a Wood Village gaming and entertainment center. Studer and his partner, attorney Matt Rossman, first went public with their idea in 2005 without disclosing who their partners were. Now that they have made their way onto the November ballot with one of the two measures they hoped to pass, they are providing some jaw-dropping details about the size and scope of what they hope to build with the Las Vegas-based Navegante Group and the Toronto-based investment firm Clairvest.
Their plan calls for 3,500 slot machines (Spirit Mountain has fewer than 2,000), 150 gambling tables, a 290-room hotel, a concert hall, an indoor/outdoor water park with a flow wave machine for surfers, a 14-screen movie theater and 36 lanes of cosmic bowling. Clairvest, one of the investors in a recent casino development near Chicago’s O’Hare Airport, would finance the deal. Navegante, run by a former chairman of MGM, would design and manage the casino.
“The investment is there and the players are in place,” Studer says. “We’ve got the best team on the field.”
Studer says the resort would earn $589 million in annual revenues at full build-out, employing 5,000 people between construction jobs and permanent positions and contributing $150 million per year to public schools, counties and municipalities.
If those kinds of numbers were to come to fruition, one non-tribal casino in Wood Village would be earning more money than all nine tribal casinos in Oregon combined. It would also wreak havoc on the Oregon Lottery and the Grand Ronde’s Spirit Mountain. State analysts estimate it could take away $72 million to $79 million per year away from lottery proceeds. Martin predicts the Grand Ronde would have to lay off half of its 1,500 employees at Spirit Mountain if the Wood Village casino were to go through.
Studer and Rossman say their project would simply give consumers more choices. They describe it as the largest unsubsidized economic development project in the state, thousands of new jobs created with out-of-state capital. “Not one dime of taxpayer dollars will be used,” says Rossman.
But it’s unclear whether their casino would be legal. Studer and Rossman have been trying to change the state constitution to allow non-tribal gambling since first going public with their plans five years ago. They haven’t succeeded yet, and their latest attempt to put the question on the ballot didn’t get enough signatures.
Their legal position is now complicated because only one of the two measures they backed made the Nov. 2 ballot. Between the constitutional issue and limited support for the casino in polls, the odds seem against them — for now. They’ve said that they can move ahead without changing the constitution, but opponents such as Len Bergstein scoff at that notion.
Bergstein is the well-connected Portland-based public affairs strategist who helped the Grand Ronde build their casino and is now trying to help the Warm Springs build theirs. He says the constitutional issue is hardly a detail that Studer and Rossman can shrug off. “They spent $1.3 million to get two initiatives on the ballot, not one,” says Bergstein. “They knew they had to change the constitution. They failed. They did not get enough signatures. Now they say they don’t need it. Well, nobody believes that.”
It will be up to the courts to decide that issue and others if the Wood Village casino earns approval. Studer and Rossman say they fully expect a lawsuit from the tribes as they progress toward a non-tribal casino.
Wednesday, August 26, 2015
BY KIM MOORE AND LINDA BAKER
Child care in Oregon is expensive and hard to find. We delved into the numbers and talked to a few executives and managers about day care costs, accessibility and work-life balance.
Thursday, August 13, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Portland-based startup ImpactFlow recently announced a $5.7 million funding round. CEO and co-founder Tyler Foreman talks about matching businesses with nonprofits, his time at Intel and the changing face of philanthropy.
Wednesday, August 19, 2015
BY LINDA WESTON
In 1996, after a 17-year career in the destination marketing industry, where I gained national standing as the CEO of the Convention & Visitors Association of Lane County, I was recruited by the founders of a new professional basketball league for women. The American Basketball League (ABL) hoped to leverage the success of the 1996 USA women’s national team at the Atlanta Olympics — much like USA Soccer is now leveraging the U.S. Women’s National Team’s victory in the World Cup. The ABL wanted a team in Portland, and they wanted me to be its general manager.
Friday, July 10, 2015
BY AMY MILSHTEIN
When gossip crosses the line.
Wednesday, July 15, 2015
Former Governor John Kitzhaber's resignation in February prompted some soul searching in this state about ethical behavior in industry and government.
Monday, July 13, 2015
BY KIM MOORE
Revenues in Oregon's private, for profit sector maintained solid growth as the economy continued to rebound.
Monday, July 13, 2015
BY JACOB PALMER
Holding a Power Lunch at Veritable Quandary in downtown Portland.
|Child care challenge|
|Is there life beyond Reed?|
|Downtime with Jill Nelson|
|Adidas produces special shoe for upcoming Timbers/Sounders match|
|Intel invests $60M in drone company|
|Congestion should be expected|
|How many devices are using Windows 10?|
|Aftermath of the Ashley Madison hack|
|Boy trips in art museum, rips $1.5M painting|
|U.S. stocks plummet|
Transforming the culture of Oregon’s educational leadership.
The Board dismissed a petition related to efforts to unionize the Northwestern University football team.
Every once in a while we receive a letter in the (fictional) mailbag that is tough to describe and quite compelling. This week, Isabel, the new HR manager at LabCo (and someone who is new to HR), wants to know whether she may fire the owner’s son for having an Oregon medical marijuana card. In passing, Isabel also makes a number of alarming admissions about her motivation. Here is Isabel’s nerve-racking question and our response to it.
Oregon Sick Leave is here, and changes to the federal white-collar worker regulations are on the way. This workshop will prepare you for both. We invite you to participate in an interactive discussion on how to start planning now for the future impact on your operations and finances.
Presented by OEN + CENTRL + YESpdx.
This Roundtable will cover numerous issues under the employer "shared responsibility" rules of the Affordable Care Act, including how to track the "full-time" status of variable-hour employees, temporary or seasonal employees, and employees who experience a change in status or a break in service. Additionally, we will provide a brief overview of Code sections 6055 and 6056, which require most mid-sized and large employers to submit their first information reports to the IRS in early 2016 regarding the health insurance coverage being offered to employees. We invite you to participate in an interactive discussion on how to prepare for the future impact of the shared responsibility rules on your operations and finances.