Port of Astoria in financial trouble

| Print |  Email
Must Reads
Friday, July 27, 2012

A recent audit on the Port of Astoria shows major financial troubles, compounded by a slowdown in log exports.

The port's operations have been losing more than $1 million per year.

Those losses have been covered largely by nonoperational revenue such as property tax proceeds, grants, loans and interest income. As a result of its paying off a general obligation bond, the port saw a reduction in property tax revenue this year.

Lawsuit expenses also mounted — more than $500,000 in the past four years, according to Colleen Browne, port finance manager. They included battles with the Bank of Astoria over offices and with the developer of a proposed natural gas terminal. They now include litigation against the port’s former attorney, Heather Reynolds, who now works for Clatsop County.

Read more at The Statesman Journal.

{biztweet}port astoria{/biztweet}

 

More Articles

Growing a mobility cluster

News
Friday, October 31, 2014
0414 bikes bd2f6052BY LINDA BAKER | OB EDITOR

Why are there so few transportation startups in Portland?  The city’s leadership in bike, transit and pedestrian transportation has been well-documented.  But that was then — when government and nonprofits paved the way for a new, less auto centric way of life.


Read more...

The 100 Best Companies survey is open

News
Friday, October 24, 2014

100-best-logo-2015 500pxw-1How does your workplace stack up against competitors? How can you improve workplace practices to help recruit and retain employees? Find out by taking our 100 Best Companies to Work for in Oregon survey!


Read more...

Three problems with Obama's immigration order

News
Wednesday, November 26, 2014

BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR112614-immigration-thumb

By now, anyone who knows about it has a position on President Obama’s executive order on immigration. The executive order is the outcome of failed attempts at getting a bill through the normal legislative process. Both Obama and his predecessor came close, but not close enough since the process broke down multiple times.


Read more...

Kill the Meeting

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Meetings get a bad rap. A few local companies make them count.


Read more...

Streetfight

News
Sunday, December 07, 2014
BY LINDA BAKER

On Friday, Uber switched on an app — and with one push of the button torpedoed Portland’s famed public process.


Read more...

The short list: 5 hot coffee shops for entrepreneurs

Contributed Blogs
Friday, November 14, 2014

CupojoeBY JESSICA RIDGWAY

Oregon entrepreneurs reveal their favorite caffeine hangouts.


Read more...

Water World

November/December 2014
Wednesday, October 22, 2014
BY KIM MOORE

Fred Ziari aims to feed the global population.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS