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|Articles - May 2011|
|Wednesday, April 20, 2011|
Page 6 of 6The committee trying to rebuild McLoughlin is hoping to get things going sooner than that. They have hired a team led by Portland planning guru John Fregonese to turn their vision of an improved strip into a realistic plan. The team is studying traffic patterns, rental costs, local demographics and economics, as well as models of strip redevelopment from around the nation. They will be meeting with community members on May 21 and plan to release a report by September.
Fregonese says the strip on McLoughlin has more going for it than meets the eye, with a surrounding population equivalent to the City of Corvallis and a median household income of $62,000. “It’s the kind of environment where you can’t change around the whole corridor. You have to start with nodes, start someplace and be successful and then move onto the next thing. Because the corridor is too big to fix all at once, and it could really use a center.”
The prospect of a new light rail line through the area “gives you an opportunity to do some things you wouldn’t be able to do otherwise,” Fregonese says.
Abe Farkas, development services director for the economic consulting firm ECONorthwest, says the preliminary research indicates that McLoughlin could be a good location for retailers selling building materials, clothing and accessories, and some food services. Farkas is also looking into a strategy of developing rental housing, to lure young newcomers to the area and help change its image.
A mixed-use apartment on the McLoughlin strip would be a tough sell at this point. The area is so auto-oriented that walking can be unpleasant and potentially dangerous. Everything about the area is geared toward catching the attention of passing motorists. Convincing people to move in and spend some time will require changes in image, design and ambience.
Still, the mere fact that some of the region’s top planners are exploring ways to rebuild a place like McLoughlin Boulevard indicates that the trends identified by the Urban Land Institute are serious. The commercial strip as we know it may eventually become a thing of the past. Something else will evolve to replace it, and whatever it is, it almost certainly will be an improvement.
Thursday, June 05, 2014
BY HANNAH WALLACE | OB BLOGGER
What does it take to launch and run one of these mobile food businesses?
Thursday, June 26, 2014
Friday, July 18, 2014
BY JASON NORRIS | OB GUEST CONTRIBUTOR
Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”
Tuesday, July 01, 2014
BY HANNAH WALLACE | OB BLOGGER
Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Thursday, July 03, 2014
BY TED AUSTIN & MIKE BAELE | GUEST CONTRIBUTORS
The Office of Economic Analysis announced that Oregon is currently enjoying the strongest job growth since 2006. While this resurgence has been welcome, the lingering effects of the 2008 “Great Recession” continues to affect Oregon businesses, especially with regard to estate planning and business succession.
Thursday, June 12, 2014
BY ANDREA DURBIN | OB GUEST BLOGGER
Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.
Thursday, July 24, 2014
BY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR
With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.
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