Detail, east Portland photo, courtesy Miles Hochstein / Portland Ground.



For old times' sake
The bojack bumper sticker -- only $1.50!

To order, click here.







Excellent tunes -- free! And on your browser right now. Just click on Radio Bojack!






E-mail us here.

About

This page contains a single entry from the blog posted on July 1, 2005 11:00 AM. The previous post in this blog was The suspense is absolutely killing me. The next post in this blog is Hitting the fan. Many more can be found on the main index page or by looking through the archives.

Archives

Links

Law and Taxation
How Appealing
TaxProf Blog
Mauled Again
Tax Appellate Blog
A Taxing Matter
TaxVox
Tax.com
Josh Marquis
Native America, Discovered and Conquered
The Yin Blog
Ernie the Attorney
Conglomerate
Above the Law
The Volokh Conspiracy
Going Concern
Bag and Baggage
Wealth Strategies Journal
Jim Hamilton's World of Securities Regulation
myCorporateResource.com
World of Work
The Faculty Lounge
Lowering the Bar
OrCon Law

Hap'nin' Guys
Tony Pierce
Parkway Rest Stop
Utterly Boring.com
Along the Gradyent
Dwight Jaynes
Bob Borden
Dingleberry Gazette
The Red Electric
Iced Borscht
Jeremy Blachman
Dean's Rhetorical Flourish
Straight White Guy
HinesSight
Onfocus
Jalpuna
Beerdrinker.org
As Time Goes By
Dave Wagner
Jeff Selis
Alas, a Blog
Scott Hendison
Sansego
The View Through the Windshield
Appliance Blog
The Bleat

Hap'nin' Gals
My Whim is Law
Lelo in Nopo
Attorney at Large
Linda Kruschke
The Non-Consumer Advocate
10 Steps to Finding Your Happy Place
A Pig of Success
Attorney at Large
Margaret and Helen
Kimberlee Jaynes
Cornelia Seigneur
Mireio
And Sew It Goes
Mile 73
Rainy Day Thoughts
That Black Girl
Posie Gets Cozy
{AE}
Cat Eyes
Rhi in Pink
Althouse
GirlHacker
Ragwaters, Bitters, and Blue Ruin
Frytopia
Rose City Journal
Type Like the Wind

Portland and Oregon
Isaac Laquedem
StumptownBlogger
Rantings of a [Censored] Bus Driver
Jeff Mapes
Vintage Portland
The Portlander
South Waterfront
Amanda Fritz
O City Hall Reporters
Guilty Carnivore
Old Town by Larry Norton
The Alaunt
Bend Blogs
Lost Oregon
Cafe Unknown
Tin Zeroes
David's Oregon Picayune
Mark Nelsen's Weather Blog
Travel Oregon Blog
Portland Daily Photo
Portland Building Ads
Portland Food and Drink.com
Dave Knows Portland
Idaho's Portugal
Alameda Old House History
MLK in Motion
LoveSalem

Retired from Blogging
Various Observations...
The Daily E-Mail
Saving James
Portland Freelancer
Furious Nads (b!X)
Izzle Pfaff
The Grich
Kevin Allman
AboutItAll - Oregon
Lost in the Details
Worldwide Pablo
Tales from the Stump
Whitman Boys
Misterblue
Two Pennies
This Stony Planet
1221 SW 4th
Twisty
I am a Fish
Here Today
What If...?
Superinky Fixations
Pinktalk
Mellow-Drama
The Rural Bus Route
Another Blogger
Mikeyman's Computer Treehouse
Rosenblog
Portland Housing Blog

Wonderfully Wacky
Dave Barry
Borowitz Report
Blort
Stuff White People Like
Worst of the Web

Valuable Time-Wasters
My Gallery of Jacks
Litterbox, On the Prowl
Litterbox, Bag of Bones
Litterbox, Scratch
Maukie
Ride That Donkey
Singin' Horses
Rally Monkey
Simon Swears
Strong Bad's E-mail

Oregon News
KGW-TV
The Oregonian
Portland Tribune
KOIN
Willamette Week
KATU
The Sentinel
Southeast Examiner
Northwest Examiner
Sellwood Bee
Mid-County Memo
Vancouver Voice
Eugene Register-Guard
OPB
Topix.net - Portland
Salem Statesman-Journal
Oregon Capitol News
Portland Business Journal
Daily Journal of Commerce
Oregon Business
KPTV
Portland Info Net
McMinnville News Register
Lake Oswego Review
The Daily Astorian
Bend Bulletin
Corvallis Gazette-Times
Roseburg News-Review
Medford Mail-Tribune
Ashland Daily Tidings
Newport News-Times
Albany Democrat-Herald
The Eugene Weekly
Portland IndyMedia
The Columbian

Music-Related
The Beatles
Bruce Springsteen
Seal
Sting
Joni Mitchell
Ella Fitzgerald
Steve Earle
Joe Ely
Stevie Wonder
Lou Rawls

E-mail, Feeds, 'n' Stuff

Friday, July 1, 2005

Erik's new vision?

In a comment elsewhere on this blog, a reader makes a scary observation:

I was having a chat with one of Erik Sten's key staffers during a break while testifying at the voter owned elections council session. I won't name him, but his statement to me was "We will never have a Fortune 500 company in Portland again." His view was that real estate development and speculation would be the future economic engine of Portland.

Welcome to Orlando, folks. What a tragic vision (or lack thereof). On with the tram!

Comments (18)

Key problem: a Fortune 500 company will bring jobs with it, which will allow LOCAL people the opportunity to engage in real-estate development/speculation. If you don't bring the jobs, but focus on an economic engine that has no local parts, you effectively exclude any locals from the good times you are claiming to bring.

And god help us when house values in Portland stop being such a good value for Californians. As it is now, many older Californians can sell their house in CA, pay cash for a house in PDX, and have some change left over to play with. When that stops being a realistic scenario, then the Californians stop moving here, house prices are so high that locals can't buy, and you have no stable supply of jobs to prevent a total free fall.

Yay!

That is delightful news. Next question: how long do we have until the PDX real estate bubble blows?

Of course we won't have another Fortune 500 company in PDX again. Why would a company locate to a place where it would have to pay a business tax when it can base itself in an outlying county and pay the minimum $10 state tax and very little in the way of municipal taxes? Look at Nike. Do you think it really gives two shits where the Beaverton city line is? No, it is thinking about it's bottom line. When it comes down to shareholders vs. citizens, shareholders will always win.

Real estate development will thrive due to the tax abatements and the increasing need for housing, but how many of these construction companies are actually located in the city? Not many I imagine.

The Blog reader suggests that this is some vast conspiracy by the city commissioners to focus their attention to non-business enterprises. maybe it is rather a logical reflection of the current policies.

So rather than thinking of PDX as anti-business, think of it in these terms:

PDX = Pro-Business
Rest of OR = Really, Really Pro-Business.

That paragraph punched me also. Particularly in terms of the continuing divide and spread of income classes, and the abandonment of ordinary government in favor of that involved in the speculation or the plethora of "agencies" to take advantage of increasing infirmities. There are those who love this (kind of) city, and those who increasingly recoil. The interview I read (last night, via jaybird's link) from last fall's Northwest Brainstorm with Tim Hibbits, although ostensibly pushing Francesconi in the mayoral race, did allude well to the town Portland used to be.

If not ephemeral, that Portland seems like just memories and dust, an old building or neighborhood here and there that, if you have someone to tell the story, it comes a bit into focus in the mind's eye.

Of course everything changes, and some like -- no, love -- this one, and some don't. I hope someone can really tell the story of the differences someday.

"I don't think there will be a general call for action until the meth tweekers start plundering the luxury condos in the Pearl."

Indeed. The Hollywood District is sliding downhill at a steady clip. Given it a bad summer or two, and even the shootings downtown will get bad enough to warrant action.

Jack, besides Boeing's move to Chicago, can you really think of any recent Fortune 500 relocations? It's not just a rhetorical question... I'd really like to know.

I don't find this 3rd-hand remark to be that outrageous. Fortune 500 companies tend to be born and then grow larger in a given place, they don't often pick up and move. And if it takes large amounts of corporate welfare to lure them, then I want nothing of it.

Well, there was Georgia-Pacific, which left Portland in 1982.

There was Louisiana-Pacific, which left Portland last year or the year before.

Isaac-
Ok, point taken on GP and LP.
But for the record, LP is not a Fortune 500 company... or at least I can't find it on this list:
http://en.wikipedia.org/wiki/Fortune_500

If you're a regionalist, like I am, we HAVE a F500 company, Nike.

Can there be another in the City limits? Sure, but we'll have to get it the way we got all past F500 companies, we'll have to grow it. The potential for another F500 company is tied up in our ability to innovate, and I'm very optimistic about our region's potential to continue to be a center of innovation.

Creating a top-tier research university would be a big boost though!

Chris,
You are missing one fundamental point. Any company that is born in Portland will relocate outside of Portland prior to reaching F500 status. Why wouldn't they? Portland and Multnomah County are the only taxing jurisdictions in the region which penalize businesses. A case in point is my own small business. We wrote checks to the City of Portland to the tune of $10,000.00 over the last 24 months. We are contemplating a move to Tigard. The same 24 months in Tigard would cost $120.00. That's a lot of zeros different my friend.

I don't know what's wrong with you people. The Tram is going to attract 1000s of biotech jobs.

The PDC is investing decades of property taxes and Randy Leonard and company tell us it's a good investment.

Randy says "even downtown hoteliers thinlks a convention center hotel will bring them more business. (they don't want to build it themselves but Randy doesn't wonder about why not)

Progressives have been crafting this place for decades and utopia is right around the corner.

Peace and bring on the blues.

And another 300+ condos planned for the Albina Fuel property in NE, if this Trib article can be believed.

Would you pay for a condo overlooking a freeway on a corner that's already way congested as is?

And get this - they want to put a drugstore or a grocery store in as the retail anchor. Yep, three blocks up from a Fred Meyer, across the street from a QFC, and 15 blocks down from the still empty retail space in the 1600 Broadway condo den that was supposed to hold a Zupan's...

A condo on the Albina Fuel property?! Nuts. Now I need to change the punch-line of stupid (ethnicity-goes-here) jokes to end with "Portlander".

I mean, there isn't even a train station there. And: No. Parking. What. So. Ever.

Betsy - "...across the street from a QFC"
The condo people actually have to walk around the gas-station (after crossing NE Broadway) to get to QFC.

Its simple! Just as Portland solved all its Problems with re-naming them "Issues" we can simply now look to the Fortune 10,000.

Let's show some creativity here and forget this
measly Fortune 500 nonsense!

Bubbles in housing? In Florida?

Florida Real Estate Bubble during the early 1920's.

Scott-in-Japan at July 1, 2005 02:47 PM: Indeed. The Hollywood District is sliding downhill at a steady clip. Given it a bad summer or two, and even the shootings downtown will get bad enough to warrant action.

JK: Hollyood district used to thrive before the city planners had their way with it. They literally destroyed it by making it “walkable”. That is because they removed most parking from Sandy to get space to make the sidewalks wide enough for benches and trees. At the same time they eliminated left turns to get traffic moving better. That made it difficult to get to most of the district so that it was easier to go other places such as the Lloyd center. My self, when I stopped being able to park in front of Radio Shack, I started going to the one at Lloyd center which has parking right at the front door.

The truly sad thing was that, once they decided to eliminate parking, they could have built a left turn lane, instead of the wide sidewalks. That would have kept the damage to a minimum. I talked to one planner about this.

The planner clearly understood the damage done to the Hollywood district by the lack of left turns, but stated that the trees (on the wide sidewalk) were so nice. Well, so were the family wage jobs that he kissed off by using that space for trees instead of left turn lanes.

That is one reason I formed the opinion that most planners have shit for brains. They are practicing a profession with no basis in science. They seldom have any proof that any of their proposals will actually work, yet they are rebuilding Portland to this new paradigm.

Thanks
JK

Jim's right. The result of the "Hollywood Improvement Plan". Down one Fred Meyer, up one Value Village.

If memory serves me rightly, some years ago the City turned NE Union Avenue (now Martin Luther King Jr. Boulevard) into a boulevard by doing just that: putting in a center median, widening the sidewalks, and removing the on-street parking. I believe the results were so disastrous that the City redid the project and put most of the on-street parking back in. Besides making it convenient for shoppers to stop, on-street parking slows traffic and provides a safety barrier between pedestrians and traffic to make the sidewalk more attractive to pedestrians.


Sponsors


As a lawyer/blogger, I get
to be a member of:

In Vino Veritas

If You See Kay, Red 2011
Turnbull, Old Bull Red 2010
Cherry Tart, Cherry Pie Pinot Noir 2012
Trader Joe's Grand Reserve Cabernet, Oakville 2012
Benton Lane, Pinot Gris 2012
Campo Viejo, Rioja, Reserva 2008
Haden Fig, Pinot Noir 2012
Pendulum Red 2011
Vina Real, Plata, Crianza Rioja 2009
Edmunds St. John, Bone/Jolly, Gamay Noir Rose 2013
Bookwalter, Subplot No. 26
Ayna, Tempranillo 2011
Pete's Mountain, Pinot Noir, Haley's Block 2010
Apaltagua, Reserva Camenere 2012
Lugana, San Benedetto 2012
Argyle Brut 2007
Wildewood Pinot Gris 2012
Anciano, Tempranillo Reserva 2007
Santa Rita, Reserva Cabernet 2009
Casone, Toscana 2008
Fonseca Porto, Bin No. 27
Louis Jadot, Pouilly-Fuissé 2011
Trader Joe's, Grower's Reserve Pinot Noir 2012
Zenato, Lugana San Benedetto 2012
Vintjs, Cabernet 2010
14 Hands, Hot to Trot White 2012
Rainstorm, Oregon Pinot Gris 2012
Silver Palm, North Coast Cabernet 2011
Andrew Rich, Gewurtztraminer 2008
Rodney Strong, Charlotte's Home Sauvignon Blanc 2012
Canoe Ridge, Pinot Gris, Expedition 2012
Edmunds St. John, Bone-Jolly Gamay Noir Rose 2012
Dark Horse, Big Red Blend No. 01A
Elk Cove, Pinot Noir Rose 2012
Fletcher, Shiraz 2010
Picollo, Gavi 2011
Domaine Eugene Carrel, Jongieux 2012
Eyrie, Pinot Blanc 2010
Atticus, Pinot Noir 2010
Walter Scott, Pinot Noir, Holstein 2011
Shingleback, Cabernet, Davey Estate 2010
Coppola, Sofia Rose 2012
Joel Gott, 851 Cabernet 2010
Pol Roget Reserve Sparkling Wine
Mount Eden Chardonnay, Santa Cruz Mountains 2009
Rombauer Chardonnay, Napa Valley 2011
Beringer, Chardonnay, Napa Reserve 2011
Kim Crawford, Sauvignon Blanc 2011
Schloss Vollrads, Spaetlese Rheingau 2010
Belle Glos, Pinot Noir, Clark & Telephone 2010
WillaKenzie, Pinot Noir, Estate Cuvee 2010
Blackbird Vineyards, Arise, Red 2010
Chauteau de Beaucastel, Chateauneuf-du-Pape 2005
Northstar, Merlot 2008
Feather, Cabernet 2007
Silver Oak, Cabernet, Alexander Valley 2002
Silver Oak, Cabernet, Napa Valley 2002
Trader Joe's, Chardonnay, Grower's Reserve 2012
Silver Palm, Cabernet, North Coast 2010
Shingleback, Cabernet, Davey Estate 2010
E. Guigal, Cotes du Rhone 2009
Santa Margherita, Pinot Grigio 2011
Alamos, Cabernet 2011
Cousino Macul, Cabernet, Anitguas Reservas 2009
Dreaming Tree Cabernet 2010
1967, Toscana 2009
Charamba, Douro 2008
Horse Heaven Hills, Cabernet 2010
Lorelle, Horse Heaven Hills Pinot Grigio 2011
Avignonesi, Montepulciano 2004
Lorelle, Willamette Valley Pinot Noir 2011
Villa Antinori, Toscana 2007
Mercedes Eguren, Cabernet Sauvignon 2009
Lorelle, Columbia Valley Cabernet 2011
Purple Moon, Merlot 2011
Purple Moon, Chardonnnay 2011
Horse Heaven Hills, Cabernet 2010
Lorelle, Horse Heaven Hills Pinot Grigio 2011
Avignonesi, Montepulciano 2004
Lorelle, Willamette Valley Pinot Noir 2011
Villa Antinori, Toscana 2007
Mercedes Eguren, Cabernet Sauvignon 2009
Lorelle, Columbia Valley Cabernet 2011
Purple Moon, Merlot 2011
Purple Moon, Chardonnnay 2011
Abacela, Vintner's Blend No. 12
Opula Red Blend 2010
Liberte, Pinot Noir 2010
Chateau Ste. Michelle, Indian Wells Red Blend 2010
Woodbridge, Chardonnay 2011
King Estate, Pinot Noir 2011
Famille Perrin, Cotes du Rhone Villages 2010
Columbia Crest, Les Chevaux Red 2010
14 Hands, Hot to Trot White Blend
Familia Bianchi, Malbec 2009
Terrapin Cellars, Pinot Gris 2011
Columbia Crest, Walter Clore Private Reserve 2009
Campo Viejo, Rioja, Termpranillo 2010
Ravenswood, Cabernet Sauvignon 2009
Quinta das Amoras, Vinho Tinto 2010
Waterbrook, Reserve Merlot 2009
Lorelle, Horse Heaven Hills, Pinot Grigio 2011
Tarantas, Rose
Chateau Lajarre, Bordeaux 2009
La Vielle Ferme, Rose 2011
Benvolio, Pinot Grigio 2011
Nobilo Icon, Pinot Noir 2009

The Occasional Book

Kent Haruf - Eventide
David Halberstam - Summer of '49
Norman Mailer - The Naked and the Dead
Maria DermoČ—t - The Ten Thousand Things
William Faulkner - As I Lay Dying
Markus Zusak - The Book Thief
Christopher Buckley - Thank You for Smoking
William Shakespeare - Othello
Joseph Conrad - Heart of Darkness
Bill Bryson - A Short History of Nearly Everything
Cheryl Strayed - Tiny Beautiful Things
Sara Varon - Bake Sale
Stephen King - 11/22/63
Paul Goldstein - Errors and Omissions
Mark Twain - A Connecticut Yankee in King Arthur's Court
Steve Martin - Born Standing Up: A Comic's Life
Beverly Cleary - A Girl from Yamhill, a Memoir
Kent Haruf - Plainsong
Hope Larson - A Wrinkle in Time, the Graphic Novel
Rudyard Kipling - Kim
Peter Ames Carlin - Bruce
Fran Cannon Slayton - When the Whistle Blows
Neil Young - Waging Heavy Peace
Mark Bego - Aretha Franklin, the Queen of Soul (2012 ed.)
Jenny Lawson - Let's Pretend This Never Happened
J.D. Salinger - Franny and Zooey
Charles Dickens - A Christmas Carol
Timothy Egan - The Big Burn
Deborah Eisenberg - Transactions in a Foreign Currency
Kurt Vonnegut Jr. - Slaughterhouse Five
Kathryn Lance - Pandora's Genes
Cheryl Strayed - Wild
Fyodor Dostoyevsky - The Brothers Karamazov
Jack London - The House of Pride, and Other Tales of Hawaii
Jack Walker - The Extraordinary Rendition of Vincent Dellamaria
Colum McCann - Let the Great World Spin
Niccolò Machiavelli - The Prince
Harper Lee - To Kill a Mockingbird
Emma McLaughlin & Nicola Kraus - The Nanny Diaries
Brian Selznick - The Invention of Hugo Cabret
Sharon Creech - Walk Two Moons
Keith Richards - Life
F. Sionil Jose - Dusk
Natalie Babbitt - Tuck Everlasting
Justin Halpern - S#*t My Dad Says
Mark Herrmann - The Curmudgeon's Guide to Practicing Law
Barry Glassner - The Gospel of Food
Phil Stanford - The Peyton-Allan Files
Jesse Katz - The Opposite Field
Evelyn Waugh - Brideshead Revisited
J.K. Rowling - Harry Potter and the Sorcerer's Stone
David Sedaris - Holidays on Ice
Donald Miller - A Million Miles in a Thousand Years
Mitch Albom - Have a Little Faith
C.S. Lewis - The Magician's Nephew
F. Scott Fitzgerald - The Great Gatsby
William Shakespeare - A Midsummer Night's Dream
Ivan Doig - Bucking the Sun
Penda Diakité - I Lost My Tooth in Africa
Grace Lin - The Year of the Rat
Oscar Hijuelos - Mr. Ives' Christmas
Madeline L'Engle - A Wrinkle in Time
Steven Hart - The Last Three Miles
David Sedaris - Me Talk Pretty One Day
Karen Armstrong - The Spiral Staircase
Charles Larson - The Portland Murders
Adrian Wojnarowski - The Miracle of St. Anthony
William H. Colby - Long Goodbye
Steven D. Stark - Meet the Beatles
Phil Stanford - Portland Confidential
Rick Moody - Garden State
Jonathan Schwartz - All in Good Time
David Sedaris - Dress Your Family in Corduroy and Denim
Anthony Holden - Big Deal
Robert J. Spitzer - The Spirit of Leadership
James McManus - Positively Fifth Street
Jeff Noon - Vurt

Road Work

Miles run year to date: 254
At this date last year: 103
Total run in 2013: 257
In 2012: 129
In 2011: 113
In 2010: 125
In 2009: 67
In 2008: 28
In 2007: 113
In 2006: 100
In 2005: 149
In 2004: 204
In 2003: 269


Clicky Web Analytics