Manufacturers could lose between $30M and $116M from CRC

| Print |  Email
Must Reads
Wednesday, February 27, 2013

Three companies that make structures upriver from the proposed Columbia River Crossing could lose between $30 million and $116 million in profits due to the lower clearance.

That's what CRC managers told the U.S. Coast Guard in a bridge permit application filed Jan. 30 and made public late Tuesday. Officials are using the estimate as they negotiate on potential mitigation payments to the three metal fabricators, which make giant products such as oil drilling rigs.

Told of the estimate Tuesday evening, however, company representatives reacted in disbelief, saying the range, and other figures in the application, were too low.

"All their figures look very low to me," said Jason Pond, chief executive officer of Greenberry Industrial, who wants a lift span to be added to the new bridge. "They're trying to look at it in a way that's most beneficial to the CRC, not to us."

Read more at OregonLive.com.

{biztweet}columbia river crossing{/biztweet}

 

More Articles

Communications error

News
Friday, January 30, 2015
013015-zidellmattfrench-thumbBY LINDA BAKER | OB EDITOR

How did an errant email to the Zidell family end up fronting a story in the Oregonian this morning?


Read more...

Corner Office: Timothy Mitchell

January-Powerbook 2015
Saturday, December 13, 2014

A look-in on the life of Norris & Stevens' president, plus an abridged Powerlist for the best commercial real estate firms.


Read more...

Editor's Letter: Power Play

January-Powerbook 2015
Thursday, December 11, 2014

There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation.


Read more...

Justice for All

January-Powerbook 2015
Thursday, December 11, 2014
BY JESSICA RIDGWAY

Lawger upends the typical hourly based fee model by letting clients determine the cost.


Read more...

Transportation Fairness Alliance holds demonstration in Pioneer Square

The Latest
Wednesday, January 14, 2015
IMG 3367BY JACOB PALMER | OB DIGITAL NEWS EDITOR

Portland's cab companies urged city hall for consideration as officials weigh new rules for Uber and other ridesharing companies.


Read more...

Legislative Preview: A Shifting Balance

January-Powerbook 2015
Thursday, December 11, 2014
BY APRIL STREETER

Democratic gains pave the way for a revival of environment and labor bills as revenue reform languishes.


Read more...

Corner Office: Sheree Arntson

January-Powerbook 2015
Saturday, December 13, 2014

Checking in with the managing director of Arnerich Massena.


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