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Pamplin Media Group - Our Opinion: Find path forward for Portland s struggling economy
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How the COVID-19 pandemic has affected Portland s economy
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It’s Happening Again: New Housing Production Plunging but New Arrivals Keep Coming The metro area s failure to build new housing during the Great Recession contributed greatly to the current housing crisis. Snow in Southeast Portland, Feb. 14. (Wesley Lapointe) Updated February 18 A big contributor to the shortage of housing in the Portland metro region is the fact that developers stopped building during the Great Recession even as population growth continued. One of the striking pieces of information taken from a snapshot of the local economy the Portland Business Alliance released yesterday is that graphs show the phenomenon is happening again. New housing construction has tanked. (For an interactive version of this chart, click here.)
By Don McIntosh
A remarkable coalition is converging around what might seem like a surprising cause: Saving the jobs of building inspectors and construction plan examiners at the City of Portland’s Bureau of Development Services (BDS). About 98% of BDS revenue comes from building permit fees, and those are down sharply since the pandemic began, prompting the bureau to plan for layoffs. As you might expect, unions representing the workers are appealing to Portland City Council to avert layoffs. But they’re being joined by building trades unions, construction contractor associations, developers, realtors, minority contractor groups, even the Portland Business Alliance.
by Wm. Steven Humphrey • Feb 18, 2021 at 8:35 am
We need your help. The economic fallout of the coronavirus crisis is threatening our ability to keep producing the quality reporting you ve come to love. If you’re able, please consider making a monthly contribution to the Mercury. Look, I d love to stick around and freeze with the poors, but I got s to tan my buns in Cancun! Pool / Getty Images
GOOD MORNING, PORTLAND! It s hard to believe that you are at home, by yourself, when I just heard the voice heard the voice of someone else. LET S GO TO PRESS.
• Terrible weather nationwide has led to the delay of 67,000 doses of COVID vaccines that were supposed to be delivered to Oregon. It s currently unclear when the doses will arrive.
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