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|Articles - November 2010|
|Thursday, October 21, 2010|
The Port of Bandon has assumed control of a seafood processing plant and market building from Clackamas-based Pacific Seafood Group (PSG) after two years of tense negotiations in which the port charged that PSG broke a 1982 lease on the 14,000-square-foot “blue building,” located on the shores of the Coquille River just as it spills into the Pacific.
Based on the loss of timber and fishing jobs in the 1980s, the 100-year lease was “written in the spirit of putting people to work,” says Port of Bandon general manager Gina Dearth. The lease called for rent of a penny per square foot for commercial seafood processing use.
Bandon’s prime location has attracted salmon fishermen for many years. “In 1986 we had around 100 [boats],” Dearth says of Bandon’s historic commercial salmon fishing industry. “Now there are three.”
Regulations in the late 1980s greatly reduced the industry. Bandon has since invested in tourism and sport fishing to compensate for the loss in commercial fishing related revenues.
A year after PSG acquired the lease in 1999 through the purchase of leaseholder SNS Fisheries, it moved the building’s seafood processing equipment to another facility, disappointing port officials who saw the move as stripping the building of its intended use. In early 2009, PSG began storing crabbing cages and other equipment in the building to meet the commercial use requirement. During the lawsuit, PSG asked for $750,000 to vacate the building, a figure that was reduced to $340,000 to be paid in installments.
PSG would not comment on the port taking control of the building. Port officials are keeping their plans for the site intentionally vague. The port has taken proposals from the community ranging from a movie theatre to a poker room to seafood processing. Coos Bay architecture firm Crow/Clay & Associates in October presented the most popular proposals from the community. Until a final design is chosen, a farmers market or other public uses such as fair space likely will fill the building.
“We want to take our time with this,” Dearth says.
Thursday, March 27, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
Watch this OB Original Video about three Oregon companies and how crowd-funding "kickstarted" their business ideas.
Tuesday, February 25, 2014
BY SOPHIA BENNETT
The coastal town of Coos Bay appears poised to land every economic development director’s dream: a single employer that will bring hundreds of family-wage jobs and millions in tax revenue.
Thursday, March 20, 2014
BY JASON NORRIS | GUEST BLOGGER
I don’t think anyone can (or should) remember what it was like to get things done without the internet. This milestone in technology has certainly benefited brick-and-mortar companies and subsequently launched a new era of businesses.
Tuesday, February 25, 2014
BY BRANDON SAWYER
Sales of small businesses surged in 2013 according to the biggest Internet marketplace of such transactions, BizBuySell, increasing to 7,056 reported sales, a 24% increase over 2012, when they dropped 7%. Portland Metro sales tracked by the site grew 9% to 73, capping three years of solid growth. On top of that, Portland’s median sale price jumped 67% to $250K, versus just 13% to $180K nationally. Portland was one of just six metros tracked where the median sale price matched the median asking price, with sellers getting, on average, 92% of what they asked.
Friday, April 11, 2014
TOM COX | OB BLOGGER
The auto industry is starting to share more costs across manufacturers for complex and challenging design work, like new transmission design, and certain new engine technologies. What we’re not yet seeing is wholesale outsourcing of “unavoidable waste” components to specialist companies.
Thursday, February 27, 2014
BY ERIC FRUITS
Because they have little chance of working for someone else, today’s teens need to be entrepreneurs. But, first, we must teach our teens that entrepreneurship starts small.
Monday, March 03, 2014
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