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 January 3, 2013 9:45 AM. The previous post in this blog was Novick starts his City Hall blog. The next post in this blog is Real estate overlords get out of parking business. 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

Thursday, January 3, 2013

Nike SoWhat talk continues

The mystery of where in Oregon Nike will build its new office facility continues getting flogged in today's Trib. There's still speculation that they'll put it in the failed SoWhat District on the Portland waterfront. Seems like an awfully awkward place to try to get to and from. We can't imagine the celebrity endorsers asking their limo drivers, "Where the heck are we going?" as they try to navigate their way through the insanely inadequate roads leading in and out of the soulless district.

Meanwhile, as wise readers have suspected, the scorekeeping is going to be quite funky on how much "new" investment the giant sneaker maker is actually shelling out. It may not rise the level of Vestas-scam funky, but it's certainly not what the public was led to believe when Governor Retread was selling the rush-rush tax giveaway:

The agreement between Kitzhaber and Nike says the company’s expansion project began in January 2012. That does not mean Nike decided to expand in Oregon more than 11 months before the special session, however. Both Nike officials and Kitzhaber’s office indicated it means that’s when the company seriously began studying where to expand both inside and outside of the state. The January date was included so that any pre-development costs incurred before the decision is made can count towards the minimum $150 million investment.

Too funny. And it will no doubt get even funnier before it's over. When it comes to creativity, nobody beats multinational corporations' accountants. Indeed, Nike should have its bean counters put in for a RACC grant.

Comments (14)

Doesn't Nike own Tek Woods, the wooded property located south of the existing Nike World Campus? Isn't that very ripe for development? And the MAX line runs just to the south of the line?

Isn't there vacant land just southwest of the MAX station, which by itself isn't sufficient but could house several office buildings and a skybridge could easily span the MAX line and connect it with Tek Woods?

Couldn't Nike buy up the Tektronix property and redevelop it for much cheaper than moving to Portland? Both Nike and Tektronix are both covered under the "You can't annex me Beaverton" clause; why would Nike willingly want to move to high-property-tax Portland, if they can't even be bothered to pay Beaverton taxes?

Many of Nike's younger (read: generation Y and millennial) employees live in the urban core of Portland and counter commute to their suburban offices in Beaverton.
This generation wants to live and work in urban core vs. the 'burbs. This is not unique to Portland but a national trend in the United States.
This is an opportunity for Nike to diversify real estate holdings to another office submarket that is attractive to younger employees and will assist in attracting and retaining the best and brightest in the industry.

Out of town executives do not think of Nike when limited to downtown hotel and business locations.

This will also provide a branding opportunity for NIKE with increased visibility downtown.

Rumor on the street is this could grow over time to one million square feet of office space with 4,000 + employees. Comparing the job creation of NIKE to Vestas is comparing apples to bowling balls.

Instead of slamming NIKE and the South Waterfront, let’s cheer them on… God knows we need the jobs.

I ran into two acquaintences a few days ago who are "older Nike employees" who counter commute. We had a conversation about that commute. They seemed to think most of their fellow employees lived in or around Beaverton, and never come to Portland. Would be nice to see some actual good data around this topic.

At least unlike Vestas, Nike actually makes money and isn't likely to go bankrupt anytime soon.

Can't Tiger take the streetcar?

This is an opportunity for Nike to diversify real estate holdings to
another office submarket that is attractive to younger employees and will
assist in attracting and retaining the best and brightest in the industry.

What a load. Nobody of any age goes to SoWhat willingly.

Rumor on the street is this could grow over time to one million square feet of office space with 4,000 + employees.

Pass the mushrooms.

At least unlike Vestas, Nike actually makes money and isn't likely to go bankrupt anytime soon.

And can therefore afford to pay their taxes without special handouts like the majority of businesses, large and small, do throughout the state.

Jack wrote: insanely inadequate roads

I couldn't agree more. The streetcar stops and other "creative" lane-shifting gimmicks make it a slog, even when there isn't much traffic.

The worst part has been the Orange Line construction, which has messed up the northern end even worse than usual. That's going to continue for some time.

I can't imagine how bad it will be if Nike moves in. It already takes several cycles just to make the stoplight to go southbound on Macadam.

Only Tax Professionals Benefit from the State Corporate Tax:
http://www.taxanalysts.com/taxcom/taxblog.nsf/Permalink/UBEN-93HN5Q?OpenDocument

That was my profession for 35+ years, but I have to agree with this guy's comments.

Rumor on the street is this could grow over time to one million square feet....
Occasionally there is the faint scent of the Vancouver penny-stock market blogging.

I will be personally pissed off if they build on the wooded lot(s) south of their campus.

It has some of the nicest mix of tree species in the area.

But Beaverton likes to chop down forests and put up strip malls and over-designed roads, so it might be up their alley.

Here's all the proof you need about our elected officials' eagerness to sell out to NIKE. It's from Steve Novick's position papers linked on the post below, and proves 2 things:

1.) That NIKE runs the politicians in Oregon and...

2.) Nobody made it through the entire Novick manifesto to the end. Check this out from the earthquake preparedness section:

Phil Knight gave $100 million to Oregon Health & Science University. If he would pay the same amount to bolt down 29,411 houses, here's one vote for putting a swoosh on the entrance to City Hall.

Less than a week in office and - for the right price - Novick is offering to put the NIKE swoosh on the entrance to city hall? Scary.

How about this? For the right price, our local politicians offer to get a NIKE swoosh tattoo on their foreheads.

We are entitled to our own opinions but not our own facts.

A factual post on the current occupancy levels of the Southwaterfront have been deleted twice.

BoJack said: "What a load. Nobody of any age goes to SoWhat willingly..

The facts: occupancy of existing residential is 98% while office/medical is 95%. There is one billion dollars of construction going on in the Southwaterfront (which excludes the potential NIKE campus).

To modify a Yogi Berra quote: "nobody goes to the Southwaterfront anymore....it is too crowded".

I agree the road access is challenging and the small amount of retail has vacancy rates above the overall Portland market.

Jobs are being created in the Southwaterfront and it is a good thing,

Hopefully this post won't get deleted yet again.

Brian, like your earlier post, my post was deleted too. I stated you were blowing hot air with your SoWhat numbers.

An example being that you claimed 900,000 sq/ft of new office space in SoWhat. I replied that the only building you could maybe call an office building is the OHSU Clinic Building which is only 400,000 sf/ft. And I acknowledged that REACH (builder of the new Gray Affordable Housing building) have new offices on the ground floor of 12,000 sq/ft.

Your claims and numbers don't always add up to reality.


Sponsors


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

In Vino Veritas

Chloe, Pinot Grigio, Valdadige 2013
Edmunds St. John, Bone-Jolly Gamay Noir 2013
Kirkland, Pinot Grigio, Friuli 2013
St. Francis, Red Splash 2011
Rodney Strong, Canernet, Alexander Valley 2011
Erath, Pinot Blanc 2013
Taylor Fladgate, Porto 2007
Portuga, Rose 2013
Domaine Digioia-Royer, Chambolle-Musigny, Vielles Vignes Les Premieres 2008
Locations, F Red Blend
El Perro Verde, Rueda 2013
Chateau Ste. Michelle, Indian Wells Red 2
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

The Occasional Book

Saul Bellow - Mister Sammler's Planet
Phil Stanford - White House Call Girl
John Kaplan & Jon R. Waltz - The Trial of Jack Ruby
Kent Haruf - Eventide
David Halberstam - Summer of '49
Norman Mailer - The Naked and the Dead
Maria Dermoȗt - 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: 377
At this date last year: 237
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