Sponsored by George Fox University
Home High Five Future of PepsiCo site murky

Future of PepsiCo site murky

| Print |  Email
High Five
Tuesday, July 20, 2010
When PepsiCo abandoned its project in Albany in 2008, it left a 242-acre parcel of land, one of the largest vacant industrial sites on the West Coast.

Now that the city has $18.5 million from a breach of contract settlement with PepsiCo, the city must decide if they should use all that money for an overpass project to stimulate development.

The city of Albany lost 270 jobs this past December when International Paper Company shut down its mill in the community 26 miles south of Salem. Replacing those jobs could require a multimillion-dollar transportation project and a leap of faith by the city and its residents.

“The hope is the overpass would trigger a development similar what PepsiCo would have done,” said Ron Irish, transportation systems analyst with the city of Albany. “But you could build the overpass and nothing could happen. We’ve never built a major road project like this without development being guaranteed.”

Read more at the Daily Journal of Commerce.

 

 

Comments   

 
skip rung
0 #1 An overpass?skip rung 2010-07-20 12:10:59
How about more/better electric power to this site and others in the vicinity? This is surely a more important limiter to recruiting/inve stment options than lack of an unnecessary overpass.
Quote | Report to administrator
 
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS