Home Must Reads Cascadia earthquake could cause $32B in losses

Cascadia earthquake could cause $32B in losses

| Print |  Email
Must Reads
Tuesday, February 05, 2013

The next Cascadia earthquake will kill thousands and cause more than $32 billion in losses to the Oregon economy, a state panel says.

Buildings will be so severely damaged that restoring full utility service will take three months to a year in western valleys and far longer on the coast, the commission found. Businesses tend to move or fail if utilities aren't up in a month.

"So Oregon faces a very real threat of permanent population loss and long-term economic decline," said the report, which recommends 50 years of seismic upgrades and other investments -- price tag incalculable.

Read more at OregonLive.com.

{biztweet}oregon earthquake{/biztweet}

 

More Articles

Water World

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

Fred Ziari aims to feed the global population.


Read more...

Shuffling the Deck

November/December 2014
Wednesday, October 22, 2014
BY JON BELL

Oregon tribes still bet on casinos.


Read more...

Podcast: Turn Things Around with David Marquet

Contributed Blogs
Friday, October 17, 2014
davidmarquet thumbBY TOM COX | OB BLOGGER

How can you move from a command-and-control leadership model to one of true empowerment and accountability? David Marquet did, and he took notes along the way.


Read more...

What I'm Reading

October 2014
Thursday, September 25, 2014

Nick Herinckx, CEO of Obility, and Jake Weatherly, CEO of SheerID, share what they've been reading.


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...

Gone Fishing

October 2014
Thursday, September 25, 2014
BY LORI TOBIAS

Business has been good to Laura Anderson, leading some to suggest she must be awfully lucky to find such success in a business notorious for failure. But luck’s had little to do with it.


Read more...

OB Poll: Wineries and groceries

News
Friday, October 24, 2014

24-winethumbA majority of respondents agreed: Local vineyards should remain Oregon-owned and quality is the most important factor when determining where to eat or buy groceries.


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