Sponsored by Forest Grove Economic Development
Home Must Reads Manufacturers could lose between $30M and $116M from CRC

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

13 West Coast seafood species now 'sustainable'

News
Tuesday, June 03, 2014

Fishing OrBiz Fishing 0357 ADOBErgbCiting the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.


Read more...

The global challenge

News
Friday, June 27, 2014
062714 thumb globalmarketBY JASON NORRIS | OB BLOGGER

Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.


Read more...

Attack of the Robin Sages

Contributed Blogs
Monday, July 07, 2014
070714 thumb linkedinfakesBY TOM COX | OB BLOGGER

Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.


Read more...

The Scott Kveton affair

News
Wednesday, July 09, 2014
ScottKvetonBY LINDA BAKER | OB EDITOR

Scott Kveton, the CEO of Urban Airship is taking a leave of absence from the company. As the story continues to unfold, here’s our perspective on a few of the key players.


Read more...

Portland: Where young people go to work?

News
Friday, June 06, 2014
UntitledBY KATIE AUSBURGER | OB GUEST CONTRIBUTOR

How to build a hipster-friendly work environment.


Read more...

Risks & rewards of owning triple net investments

Contributed Blogs
Thursday, July 24, 2014
NNNinvestmentBY CLIFF HOCKLEY | OB GUEST CONTRIBUTOR

With the increasing retirements of Baby Boomers, a massive real estate shift has created a significant increase in demand for NNN properties. The result? Increased demand has triggered higher prices and lower yields.


Read more...

EPA Standards: A breath of fresh air for the region

News
Thursday, June 12, 2014
EPABY ANDREA DURBIN | OB GUEST BLOGGER

Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.


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