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|Articles - November 2010|
|Thursday, October 21, 2010|
City efforts to reduce barriers to construction along with some substantial loans to downtown projects have helped boost Eugene’s economy.
“The prices are right,” says city manager Jon Ruiz. “Construction costs are down 20% or more compared to a few years ago.” The city is trying to also streamline the permitting process. “[Obtaining permits is] taking three hours rather than three or four weeks,” Ruiz says. The city will also do same-day inspections or Saturday inspections.
One major project under way is a 50,000-square-foot upscale hotel at the Fifth Street Public Market. The 69-room, $11 million project is being developed by market owner Brian Obie and has received $600,000 in loans from the city. Planning on the project began several years ago and was delayed because private investors and banks pulled back lending during the recession, but “there are signs of improvement in Eugene’s economy,” Obie says. Eugene’s August unemployment rate was 10.7%, down from 12.1% in 2009. The occupancy rate of the Fifth Street Public Market was around 93% through the recession, but when the hotel is completed next summer the vacant retail spots are expected to fill again.
“I think Eugene has a huge amount of potential,” says Brad Malsin, president of Portland-based Beam Development. His company purchased two buildings in downtown Eugene: the Center Court and Washburne buildings, which total 100,000 square feet. He also has bought an empty lot near the Center Court building where he plans to construct a new building that will be between 60,000 and 100,000 square feet. All three buildings will contain office and retail space and are expected to be completed within 15 months. The city helped Beam acquire one of the buildings with almost $10 million in loans. The city also helped fund Lane Community College’s downtown campus with $8 million in loans.
It’s all part of Eugene’s development strategy, which focuses on building “the social and physical infrastructure,” Ruiz says. The city is trying to anticipate economic changes and adjust to meet the needs of the community.
“We’re excited about what is going on,” he says.
Wednesday, August 05, 2015
BY KEN MAES
A huge migration from Northern California has contributed to average 16% growth per year since 1990.
Friday, July 10, 2015
BY LINDA BAKER
Market of Choice is on a tear. In 2012 the 35-year-old Eugene-based grocery chain opened a central kitchen/distribution center in its hometown. The market opened a third Portland store in the Cedar Mill neighborhood this year; a Bend outpost broke ground in March. A fourth Portland location is slated for the inner southeast “LOCA” development, a mixed-use project featuring condos and retail. Revenues in 2014 were $175 million, a double-digit increase over 2013. CEO Rick Wright discusses growth, market trends and how he keeps new “foodie” grocery clerks happy.
Wednesday, August 19, 2015
BY GARY THILL | PHOTOS BY JASON E. KAPLAN
A storied institution climbs down from the ivory tower.
Monday, July 06, 2015
Picking a business partner is not much different than choosing a spouse or life partner, and the business break-up can be as heart-wrenching and costly as divorce.
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.
Wednesday, August 19, 2015
BY KIM MOORE
A conversation with Chris Maples, president of the Oregon Institute of Technology.
Monday, July 13, 2015
BY SAM BLACKMAN
Storyteller-in-chief with the CEO and co-founder of Elemental Technologies.
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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.