|| Print ||
|Monday, October 03, 2011|
Portland-area businesses brace for a financial blow as the NBA approaches the 100th day of its labor dispute.
It's possible some, perhaps even all, of the 82-game regular season schedule will be eliminated. And though it's difficult to forecast the exact economic impact a prolonged lockout would have on the Portland area, the hit would be substantial, according to local businesses.
"The value of the Blazers team to this community is measured in the millions," said Drew Mahalic, CEO of the Oregon Sports Authority. "Their absence will, quite frankly, be devastating to the Portland regional community in that it impacts so many different businesses when they play."
A lot of the revenue generated from Blazers games -- gate receipts, parking dollars, food and concession funds -- pads the wallet of billionaire owner Paul Allen and helps pay for the multimillion-dollar operation of running the team.
But Blazers home games also funnel money throughout the community. TriMet ridership increases on game nights. Business booms at local restaurants and bars. Hotels house visiting NBA teams.
Read more at OregonLive.com.
|A Complex Portrait: Immigration, Jobs and the Economy|
|Woman of Steel|
|Kill the Meeting|
|Debate surrounding Washington-Oregon I5 span heats up|
|Watchdog group takes issue with timber company's 'green' label|
|Labor dispute at the ports slowing Christmas deliveries|
|Fed stresses 'patience' regarding interest rate|
|Obama to announce end of Cuba isolation|
|Energy prices drop cost of living in US by most since 2008|
|Russia's attempt to slow ruble freefall fails|
Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
How sports tourism is driving economic growth and making cities across Oregon a better place to live.
Port of Morrow's business-ready attitude has a surprising global impact.
Through its support of the arts, the Cultural Trust is strengthening the business community.
Heed the morals of these seminal holiday stories in your everyday life.
Amy will practice in the firm's Business, Real Estate, and Tax practice groups.
While the Bend City Council ultimately upheld the approval which enables OSU-Cascades to move forward with the 10 acre site, it did also thoughtfully consider the nature of its code requirements, resident concerns and OSU-Cascade’s efforts and suggestions and crafted conditions of approval to address potential impacts of the site in the area.