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|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.
Tuesday, May 26, 2015
BY LINDA BAKER
Spring rains are the bane of an Oregon cherry farmer’s existence. Even a few sprinkles can crack the fruit so badly it’s not worth picking. Science to the rescue: Researchers at Oregon State University have developed a spray-on film that cuts rain-related cracking in half, potentially saving a season’s crop. The coating, patented as SureSeal, is made from natural chemicals similar to those found in the skins of cherries: cellulose, palm oil-based wax and calcium.
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.
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.
Friday, May 22, 2015
BY JACOB PALMER
Mike Morrow and Mike Delos-Reyes first came up with the idea of an ocean power device 23 years ago, when they were students at Oregon State University. They realized a long-held vision last summer, when their startup, M3 Wave, successfully launched the first ocean power device that works underwater.
Wednesday, June 03, 2015
As part of our green workplaces story, Oregon Business checked out a community service project undertaken by Portland Youth Builders, a nonprofit alternative high school. In partnership with Whole Foods, PYB built garden boxes for a Home Forward housing site. Home Forward is a government agency that provides housing for low income residents and people with disabilities.
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.
Wednesday, June 17, 2015
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