Bradwood's trail of debt

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High Five
Wednesday, May 12, 2010

After NorthernStar shelved its Bradwood Landing project and declared bankruptcy, it left unpaid bills with more than just Clatsop County.

Bradwood Landing, a subsidiary of NorthernStar, owes money to local radio stations, an office supply store, and the Astoria rotary club, among others.

Bob Bridgens, who works for Bayview Transit Mix paving company in Seaside, said there's a lot more than unpaid bills that the local community will miss out on with Bradwood Landing out of the picture.

"Up to 500 families lost opportunities for jobs," he said. "We lost access to a clean, efficient energy source and nearly $8 million in annual tax revenue that would have helped local schools."

Read the whole story at the Daily Astorian.

{biztweet}bradwood landing owe{/biztweet}

 

Comments   

 
Perry Callas
0 #1 Slash and Burn Jobs are Worse than No JobsPerry Callas 2010-05-12 17:34:53
Companies that move into small communities, exploit natural and human resources, then leave the land and people used up and empty, are no different now than they have been for centuries. NorthenStar undoubtedly would have been as conscientious about the safety of its workers and stewardship of the land upon which it intended to build an LNG terminal as it was about its own shaky financial base.

This excerpt from The Daily Astorian says it all about exploitative corporations that care nothing about local communities:

Bradwood owes:

• $8,679 to New Northwest Broadcasters, owner of several North Coast radio stations;

• $208 to Abeco office supply in downtown Astoria;

• $190 to Astoria Rotary Club;

• $1,674 to Sterling Concepts and Communication in Seaside;

• $2,625 to former Astorian Mary Louise Flavel, who owns the Bradwood office building on Commercial Street.

NorthernStar- good riddance.
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