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Recession hits hard in Yachats

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High Five
Thursday, March 04, 2010

After an economic boom five years ago, Yachats joins other communities on the Oregon coast that are being hit especially hard by the recession.

Subdivisions remain unfinished and several other projects are either stalled or in foreclosure. But citizens are optimistic that the town will survive.

What's going on in Yachats? To some degree, it's the same thing that is going on across the country. But an economic downturn can hit especially hard in small communities such as those that dot the Oregon coast. And in the case of Yachats, it's hitting a village with a high poverty rate and about 750 people, so everyone here hurts.

Still, locals say their little town, all of 0.9 square miles perched between the forest and the sea a little more than 20 miles south of Newport, is not about development or business, but about people, and that's why they have faith their little village will endure.

Read the full story at OregonLive.com.

{biztweet}Yachats recession{/biztweet}

 

Comments   

 
Tom B.
0 #1 Yachats and slow economic recovery...Tom B. 2010-03-04 12:34:39
Yachats is another example of a municipality which has turned to taxation in an attempt to bail itself out of economic hard times. It's history repeating itself as the small town passes a unique sales tax on food and meals on top of a high hostelry tax in an attempt to say "someone else will pave our way out of the recession" we won't tax ourselves, but we still want all the services and growth! Those states and municipalities which attempt to tax their way out of hard times are the very last units of government to recover! That's reality and proven historic fact!
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66-67
0 #2 Yachats a TAX VICTIM? Nonsense.66-67 2010-03-04 13:27:42
Yachats is like every other place with no visible means of support - on its back with its legs in the air, just like Bend, Las Vegas, on and on. What a ridiculous statement.
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Former Yachatian
0 #3 I used to live in Yachats. It's not all Lah-De-DahFormer Yachatian 2010-03-10 21:35:37
Yachats should be an unassuming little place but it's become a commie wanna be. If kids want to play at the public park they must sign in (so the director of the Yachats Commons can get grants to justify salaries for "serving" all these kids.) PLease...Also, only in Yachats do you make news if you stack rocks. Yes, that's right, stack rocks. Well, who cares if people are hungry or jobless, let's be all groovy, have our weird little new age shops, go to our drumming circles, live in our mini mansions that we bought with money we were left or got from a business venture (where we ripped someone off) stack our rocks and to hell with real life.
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