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Blog: Developers weigh in on Trump’s potential impact

By: Chuck Slothower//January 23, 2017//

Blog: Developers weigh in on Trump’s potential impact

Chuck Slothower//January 23, 2017//

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Donald J. Trump is not a peanut farmer, nor an actor, governor, oilman nor law professor. He is a developer, TV star and pitchman with a range of business interests.

Trump has few ties with Oregon. One of his former companies, Trump Mortgage, was registered in 2005 to do business in Oregon. The limited liability company lasted until 2008.

A campaign organization, Donald J. Trump for President Inc., appears to be the only other entity connected to Trump registered in Oregon.

Trump is not known to have any properties or business interests in Oregon, although it’s impossible to tell without his tax returns, which he has refused to release.

For local developers, Trump is in some ways a distant colleague, but in others, his career bears little resemblance to their own. Local developers were eager to distance themselves from Trump.

“No connection at all,” said Eric Cress, a principal at Urban Development + Partners.

As a developer, Trump has had a varied business career unlike any president before him. Thomas Jefferson perhaps comes closest with his role in designing and developing Monticello before his presidency and the University of Virginia after it. Jefferson is reputed to have said, “Architecture is my delight, and putting up, and pulling down, one of my favorite amusements.”

One of Trump’s only brushes with an Oregon institution came in a rivalry with Bandon Dunes Golf Resort on the southern Oregon Coast, which he compared unfavorably with his own course in the Scottish Highlands.

Trump once told Golf Digest, “I know Bandon Dunes. The biggest dune there is like one-tenth the size of our smallest dune. It’s a toy. And they get such great reviews. Every one of my courses is, like, amazing.”

In recent years, Trump has increasingly turned to licensing the Trump brand rather than developing his own projects. Trump hasn’t lent his name to any hotels or other facilities in Oregon, far from his home bases in New York and Florida.

“In the Pacific Northwest, there’s no appeal to the Trump name,” said Noel Johnson, a principal at Cairn Pacific.

Trump lost Oregon by more than 200,000 votes, and was trounced in Multnomah County by Hillary Clinton by a margin of more than four-to-one.

Trump may find it difficult to extricate himself from his businesses, Johnson said.

“Knowing what I know about development, I have serious concerns about his conflicts of interest, and he’s not taken sufficient, prudent, reasonable steps,” Johnson said. “It’s really odd to me, because it’s only going to come bite him in the butt.”

Johnson said it would be impossible to maintain his business interests and work in government at the same time.

“I personally could never imagine doing my day job and at the same time being mayor of Portland,” he said. “You’re either one or the other.”

Trump’s presidency is expected to have little on-the-ground impact on local development. The exception could come if Congress agrees to a major infrastructure package, as Trump has pushed.

“Portland, like anywhere else, our employment would be fueled by that,” Johnson said.

That could stimulate the development economy in the short term, as the public projects are built, and then later as private development follows the creation of public infrastructure.

“Development in the medium term, in four to eight years, really follows public infrastructure investment,” Johnson said.



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