Comments on: Kruse Way no longer belle of the ball /news/2010/04/08/kruse-way-no-longer-belle-of-the-ball/ Building and Construction News in Portland, Oregon and the Pacific Northwest Fri, 04 Jun 2010 20:47:12 +0000 hourly 1 https://wordpress.org/?v=6.6.6 By: NewYawker /news/2010/04/08/kruse-way-no-longer-belle-of-the-ball/#comment-26280 Fri, 04 Jun 2010 20:47:12 +0000 /?p=50230#comment-26280 Slightly misleading to think ‘downtown’ in a general or trendy sense. I know those particular buildings. They are specifically geared to the suburban office market and are located on the outermost fringes of the downtown blocks. They were constructed at a time when downtown Portland was ‘suburbanizing’ in order to compete with the suburbs back in the 70’s & 80’s. So go fig. Open space suburban-style facilities still win over cramped urban density with bike lanes. It was a wise choice to lease there. Kruse Way will be fine. Many businesses are capable of paying for the L.O. address but simply don’t want to at this time. The general attitude is ‘Why should I?”

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By: Laura A. /news/2010/04/08/kruse-way-no-longer-belle-of-the-ball/#comment-21643 Mon, 03 May 2010 16:19:03 +0000 /?p=50230#comment-21643 It comes down to the cost of overhead for business’. Leases are for 5 – 10 years. The long term savings by taking advantage of reduced overhead costs in an unpredictable market is good for such businesses. It’s unavoidable in this economy.

The best we can do to encourage lower vacancy rates and increase businesses is to seek out viable entrepenurial business from the community and elsewhere. We have to have incentives for Oregon business. Higher taxes have only increases the likelihood of businesses moving.

Keep an eye on politics and step up to plate when average Joe comments about his take on current political and tax issues. We are outweighed when it comes to matter of fact versus matter of opinion. All we can do is recruit to protect Oregon.

The Media isn’t going to help Oregon, so far they have only harmed us by telling partial truths and purposely hiding facts. Ask Greg Mathews, Matt Wingard, Scott Brunn they are very much aware of the disjustice, and hiding of facts done by Media.

Laura

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By: Real estate recovering in Q2 « Daily Journal of Commerce – Building and Construction News in Portland, Oregon and the Pacific Northwest /news/2010/04/08/kruse-way-no-longer-belle-of-the-ball/#comment-20910 Wed, 28 Apr 2010 00:39:29 +0000 /?p=50230#comment-20910 […] back into the downtown corridor as vacancies continue to rise and rent continues to go down. This was reported in the 91ÊÓÆµ a few weeks […]

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By: Commercial real estate remains steady in first quarter of 2010 « Daily Journal of Commerce – Building and Construction News in Portland, Oregon and the Pacific Northwest /news/2010/04/08/kruse-way-no-longer-belle-of-the-ball/#comment-20906 Wed, 28 Apr 2010 00:19:53 +0000 /?p=50230#comment-20906 […] Office vacancy rose over a percent in both the Portland suburbs and Vancouver, Wash. There was a negative net absorption of over 100,000-square-feet in the Portland suburbs, a growing trend to watch out for. One reason for this is that businesses are starting to move their office back into the downtown corridor as vacancies continue to rise and rent continues to go down. This was reported in the 91ÊÓÆµ a few weeks ago. […]

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By: Jayson /news/2010/04/08/kruse-way-no-longer-belle-of-the-ball/#comment-19260 Tue, 13 Apr 2010 13:57:35 +0000 /?p=50230#comment-19260 Kruse Way will fill up eventually because rents will become lower and incentives will increase. However, downtown offers a much better locational advantage for businesses. In addition to the prestige of downtown and many adjacent business services, downtown is better centered to reduce commutes to work since much of the residential growth in the region is occurring in Multnomah County through infill and redevelopment. I agree that business taxes should be low and similar throughout the region. However, I disagree that bike infrastructure is the root cause of business taxes in Multnomah County or is bankrupting the city of Portland. In fact, it’s quite the opposite. Bike infrastructure is a bargain by allowing more people to enter and exit downtown during the peak hours of morning and evening with less traffic than if each of those bike riders drove to work. The bike improvements that have occurred are far less expensive then widening or building new roads and they are heavily used. Repaving roads benefits all users, including bikes and cars, so that’s not taking anything away either. Bike infrastructure is an easy target by the media and conservatives because people see bikes on the road everyday and it forces them to be more careful in sharing road space. However, it’s not the boondoggle that conservatives accuse it of because it’s obviously so well used and it simultaneously improves the livability of the region.

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By: Old Town /news/2010/04/08/kruse-way-no-longer-belle-of-the-ball/#comment-18821 Fri, 09 Apr 2010 20:27:34 +0000 /?p=50230#comment-18821 Whatever happen to location, location, location? It may be that in the age of communication ease that location is not so important. The recession seems to have forced companies to do what they should have been doing all along – mind the bottom line.

One way is to keep the expense of location in focus. This includes items like local business taxes. I submit that this is an opportunity for Multnomah County and Portland to foster long range tax policies for the downtown that will attract and retain businesses over the long haul.

The goal should be to maintain commercial occupancy irrespective of the economy cycle. Snare them and don’t let go. But, this means that pet projects may have to go by the wayside. And, constructing new buildings doesn’t fill the unoccupied space. It merely creates a near blighted area.

Take a walk around downtown especially north of the square. Too many buildings have at best only their ground floor retail space occupied – arguably underutilized – while the floors above are nearly vacant. This was true even before the recession.

While it sounds great that livability, that usually reads bikes, is still so touted when the city has in fact recognized that focusing on livability failed to attract businesses and spur innovation. Like it or not businesses foot the bill for Portland’s livability.

Thus, the question ought to be how can Portland attract and maintain commercial businesses? Not by raising business taxes nor by spending money to satisfy bike enthusiasts.

One clear way is for the city council to become business friendly and quit being subservient to the Portland Business Alliance (PBA) which has done little to build the downtown. The PBA is much like union chiefs that holds themselves out as speaking for the union (of businesses) when in fact they are acting in their own self interest.

The city and PDC are not going to create 10,000 jobs in 5 years without attracting new and retaining old businesses. Portland’s business taxes and those “self-imposed” business taxes levied by PBA via business improvement district need to be reduced if not eliminated in some cases.

This should not only make the downtown more business desirable and fill unoccupied commercial space, but also foster small businesses and innovation. Unbalanced spending on livability factors will not do either.

It should be have faith in downtown Portland not “have faith in Kruse Way,”

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By: Barb Fox /news/2010/04/08/kruse-way-no-longer-belle-of-the-ball/#comment-18816 Fri, 09 Apr 2010 19:11:53 +0000 /?p=50230#comment-18816 Hi. Interesting article abotu businesses moving from Kruse Way back downtown. NW Evaluation is moving to Old Town and it looks like last year SAIF moved into the Crowne Plaza Building. Thoughts?

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