1) As I live & fucking breath, it is snowing outside this morning.
April 28, and it's snowing.
OK, I don't want to hear this 300 Days Of Bullshit anymore. Central Oregon has some of the weirdest fucking weather in the World.
When I first got here, I remember getting snowed on near the end of May, on a sunny (but pretty cold) day.
300 days of sunshine a year, is 100% Grade AAA Bullshit.
2) 17% Unemployment.
OK, this motherfucker is taking on a Kevin Bacon ONE degree of separation. Everyone KNOWS someone who is unemployed.
UNEMPLOYED and In The Shit. I know people. I know almost as many who are "employed" but making NOTHING. Not nearly enough to meet their daily expenses.
We have 17% unemployment. And probably 25-30% EXTREME UNDER-EMPLOYMENT.
You can read about how unemployment is hitting home values at the Portland Housing Blog.
3) Yarrow down 75%.
In today's Bully you can see there is a piece titled, "Yarrow now offers ‘twice the land, half the price’".
Follow the link, and you'll see that Yarrow is essentially succumbing to the desert. And since they are MORE THAN cutting price in half, and doubling lots sizes, this approaches something like 80% OFF.
But you will see, this will only move a little property. To Madras locals. And a couple of prison guards new to the area.
No one moves to a place with 20% unemployment, no matter how cheap the housing. It's called "The Burns Manifesto".
4) Case Schiller is out today.
The big 10 & 20 city composites are off about 19% YoY.
I'm starting to think that my Dead Ass Hit Rock Bottom Date estimate of July 2010 might be early. This thing might go to 2011... or 2012.
Which means Bend will stretch out to 2014 till we crater at the nadir.
At sub $100K medians? It is looking more and more possible.
5) High End Homes Crashing in Bend.
My favorite "If I Had a Million Dollars" Bend neighborhoods is Deschutes River Ranch. Very nice, big fancy, schmancy homes overlooking a hay operation. Provincial and snooty as hell.
But click the above link, and go to bendeconomy.informe.com (ANON PROXY ONLY!), and you'll see that DRR has utterly imploded.
The above home haas crashed from $2.4MM to $1.15MM, or just over $200/sf.
DRR was holding the line at around $500/sf all through the implosion, and seemed pretty much immune. I saw Tetherow collapse, and still DRR held.
No more.
6) RE "Economist" gets ass kicked by Oregonian.
In this town of Kool-Aid Fueled "news" reporting, once in awhile it's nice to see a paper call out BULLSHIT on some dumbfuck Pie-In-The-iSky RE tout, who has YET AGAIN, called for the RE bottom:
Real estate life spotty for many in Oregon
by Colin Miner, Special to the Oregonian Friday April 24, 2009, 6:03 AM
At the association's December conference on the market outlook for 2009, Jerry Johnson, a real estate market and regional economic development consultant, predicted that "we have found the bottom" and that the "fundamentals are not likely to get worse."
The next month, things did get worse. According to the Regional Multiple Listing Service, January 2009 saw a 32.5 percent drop in closed sales from the year before. Pending sales dropped 26.1 percent, and the average sale price fell 13.3 percent.
Good one Oregonian. Take a page, Bully.
OK, I gotta go to work. I'll try to MAN UP and do an actual post this Sunday.
"I'm so lonely for a Real Newpaper to tell me about Bend RE!"
141 comments:
CACB seems to have dropped below $2 again, after MossCo-driven FAKE REPURCHASES.
Bend Kool-Aid: Leave victims unable to deal with the real World.
Hey Moss: THIS MANIPULATION BULLSHIT ONLY WORKS IN BEND
I need a notepad. I always have a boatload of topics that cross my mind during the week.
By post time, I've lost 98%.
Maybe a function of RE Implosion OVERLOAD. There's so much news spewed out there, that it's just become a flood.
Speaking of SPEWED BULLShIT, good post "Buster" (or whoever) on your Malay sex-slave operation.
Nice to know you're not losing your sense of inane wonder and fantasy.
Is marge around? Curious about the monthly RE "obits" (ie stats)?
Case Schiller shows the point of MAXIMUM NEGATIVE DELTA has not been reached yet.
I thought we hit it last July, but apparently not.
We're going to lose TRILLIONS in wealth before it's done. Black Swan. Don't listen to the "pundit" dumbfucks who start talking about "The Last Time".
This fucker ain't like The Last Time, cuz there ain't been a Last Time like this. Never Before and Never Again will we see something like this in our lifetimes.
STOP comparing this To the Last Time. Ain't been no LAST TIME like this. MAYBE the Black Plague.
Speaking of which, how you like the PANDEMIC coming up from Mexico?
Many people are still in denial, and think this is a "normal" recession, and we are about to bounce back.I live in an upper middle class area, and my neighbors are loosing jobs left and right, often after 20 years or more with the same employer. I visited Carmel/Monterey Calif. recently, which has one of the highest per capita incomes in the US. Stores are closing as fast as they can put up "for rent" signs.
This is not a regualar recession, and the tsunami of bad news is about to capsize the good ship Oregon. Get out NOW, before the ship sinks.(San Antonio,Texas has an unemployment rate below 5%, and NO state income tax.
I agree, people are clueless when it comes to the reality of this depression....call it what it is. Remember, we'd been in a recession for 18 months before the WH and the press acknowledged it.
I have talked to 3 different people who are ready to buy a house now because the "bottom is near". They were talking like the market is going to shoot up and they would miss out if they didn't buy now....sheeple. If you buy now, you will have a depreciating asset on your hands. We are closer to the bottom but no where near it.
NOD outstrip sales by 4x's and fuckers are still building new shit. Just pile it on you morons, build build build.
I still love it here but I still can see this mess for what it is.
Treasury Announces Plan Aiding Holders of Second Mortgages
By Rebecca Christie
April 28 (Bloomberg) -- The Obama administration unveiled a new program to help borrowers with second mortgages stay out of foreclosure while revising other government efforts aimed at helping homeowners pay off their loans.
The goal is to help homeowners gain aid with second liens such as home-equity loans, the Treasury Department said in a statement today from Washington. The new program will provide cash to mortgage servicers, investors and borrowers who modify the terms of a loan and keep pace with a new payment schedule.
“Ensuring that responsible homeowners can afford to stay in their homes is critical to stabilizing the housing market, which is in turn critical to stabilizing our financial system,” Treasury Secretary Timothy Geithner said in the statement.
The administration has offered a series of initiatives in an effort to stem the collapse in home values and the rise in foreclosures.
Mortgage delinquencies increased to a seasonally adjusted 7.88 percent of all loans in the fourth quarter, the highest in records going back to 1972, the Mortgage Bankers Association in Washington said March 2. Loans in foreclosure rose to 3.3 percent, up from 2.04 percent a year earlier.
You gloomy fucks, it's like you're actually stuck in place with 17% measured (not counting the 1099'ers) unemployment.
Senator Specter to Seek Re-Election as a DemocratApril 28 (Bloomberg) -- Republican Pennsylvania Senator Arlen Specter, saying his party “has moved far to the right,” announced today he will seek re-election next year as a Democrat.
Specter, a moderate Republican, was one of three senators in his party to support President Barack Obama’s $787 billion economic stimulus measure. He announced his decision to switch parties in a statement posted on a Pennsylvania politics Web site and confirmed by his office.
The addition of Specter to the Democratic caucus, if combined with the seating of Minnesota Democrat Al Franken, would give the party a 60-vote Senate majority. Sixty votes are required to break filibusters in the chamber...
More at Bloomie
Speaking of SPEWED BULLShIT, good post "Buster" (or whoever) on your Malay sex-slave operation.
Nice to know you're not losing your sense of inane wonder and fantasy.===
Butter, I love your posts every week, and also your mid-week commentary on the comments that flow from your devoted readership.
But sometimes you gotta go with the great jewels (turds?) left behind by your followers. Just reprint buster's sex slave diatribe and call it good for the week.
"... and call it good for the week."
++++
But don't forget the picture!!
I guesss last weeks mass exodus prediction included BB2. Holy Shit!
Anybody out there?
Sorry guys but I can't make it to BBC tonight. The man-wife worked me over a little too hard with her strap-on this afternoon.
300 days of sunshine a year, is 100% Grade AAA Bullshit.Fuckin-A, man. 200-proof, double-distilled, bottled-in-bond bullshit.
To see just how thick the bullshit is, go to city-data.com and look up Bend, Oregon. Scroll down until you get to the weather data and look at the graph showing "Sunshine."
The line indicating Bend's average sunshine is BELOW the national average for all but a very brief period approximately from mid-July through mid-August. (This is what we jocularly refer to as "summer.")
Then look up the same data for Portland. Bend is BARELY sunnier than Portland, although much drier.
They get the rain, but we get the same clouds. And of course it's much colder here.
Bend is a fucking shithole in most respects and it's time we faced that fact. Its supposed desirability is purely the creation of marketing hype.
Which means Bend will stretch out to 2014 till we crater at the nadir.Fuck it all, man, if the swine flu doesn't kill us the world is going to end in 2012 anyway. So says the Mayan calendar.
In today's Bully you can see there is a piece titled, "Yarrow now offers ‘twice the land, half the price’".How about: 3 times the land, for one-third the price? What have they got to lose? Honestly?
318 Notice of Defaults as of this morning for the month.103 sales of residential single famlily in Bend, Redmond/Terrebonne,La Pine and Sunriver + South County. Cheapest one $96,000 on Carl St in Bend and the most expensive on NW Horizon in Bend for $1,010,000.
318-103=215
So we only added 215 units to our inventory this month (if some of the notice of defaults weren't multiple units)
No bottom here folks.
You called it, Paul-doh.
Cessna closing Bend factory and moving to Kansas.
KTVZ
Bye bye Textron conglomerate. I wonder how many Textron shares we have in our 401(k).
Wow, Paul Doh hits it on the head again. That's why I still wade through Buster's crazy assed posts week after week.
You do know that Paul-doh and Buster are two different people.
Each with their own special brand of crazyness.
Paul-doh, (Butter) is the blogmaster, Buster is his deranged #1 fan.
Oh yea Dunc, I know the difference. I have been following Paul Doh since he used to post on BEM's old blog. Been following your blog since you started too. Always enjoy it by the way.
"I have been following Paul Doh since he used to post on BEM's old blog. Been following your blog since you started too."
Little did we know, eh? Our predictions were conservative...
On the positive side, at least the people in Kansas can celebrate.
I've noticed that the whole middle swath of the US has done pretty well lately. Things never got heated there. Economies never got warped by insanity and graft and boom-time theft.
Gee..I wonder if any of those Cessna employees own houses.
The news stories say that there will be no increase in Kansas. But it's still a good thing for Kansas (not losing jobs).
Has anyone heard from employees whether there will be any jobs they can move to in Kansas?
That's why I still wade through Buster's crazy assed posts week after week.
Oh come on -- admit it - you like his stuff. That's why some of us are mourning that he departed for a better place -- a place without strife, snow, or layoffs. A place of that is bright, sunny, and fun. May he rest in peace.
150 decent paying jobs gone with Cessna. Fundamentals (jobs) are driving the housing market here down into the desert sand.Maybe we can turn all the vacant houses into paint ball obstacle courses.
"BEND, paint ball capital of the World!!"
Anyone else got some good ideas for vacant houses??
Yes, he's a funny and cunning SOB. He is missed.....but can you blame him?
Our 17% March unemployment puts us now tied for 365th of 372 tracked MSAs.
http://www.bls.gov/web/laummtrk.htm
How many jobs will be indirectly lost by Cessna's leaving? Are there other local companies that machine parts or do other work for them?
- Gee..I wonder if any of those Cessna employees own houses.
Don't forget that the Mirada development at Butler Market and Eagle was supposed to be for all those Cessna employees that would be coming to the region. The floorplans were even named after Cessna plane models. Last time I drove by the subdivision has a new developer, only a small handful of the homes had been built (4-6 or so), and they were trying to sell of the old model and start building on their new designs. That one didn't last long.
Surprised Bruce hasn't shown up yet to give us the doom and gloom Bend metro unemployment numbers since they were updated today. Bend is now 365/372.
http://www.bls.gov/web/laummtrk.htm
""BEND, paint ball capital of the World!!"
Anyone else got some good ideas for vacant houses??"
That's as good an idea as any. You gotta take one idea and promote the hell out of it. Why not paintball? Anything's better than real estate biz.
Anyone else got some good ideas for vacant houses??You're on the right track with the paintball. How about FBI tactical training facility? With little cardboard pop-ups of realtors, developers, etc.?
"Anyone else got some good ideas for vacant houses??"
How about creating flyers with addresses of vacant houses we can hand out to the homeless and pan handlers? "Here bub, have a house. Stand up for your squatting rights!"
What happened to the Bruce Pussy? Did all the hecklers scare him off?
Bruce moved. This town was too ridiculous for him.
Anyone else got some good ideas for vacant houses??
Insurance Fires?
Paul-doh, (Butter) is the blogmaster, Buster is his deranged #1 fan.
I love nothing more than being told my rancid twat smells like a hobo's ass.
Bruce moved. This town was too ridiculous for him.
And that is saying something, folks.
For those interested in the morbid details of the Cessna Implosion:
Cessna to shut Bend factory, move work to Kansas HQ
Posted: April 29, 2009 07:32 AM
Last Updated: April 29, 2009 08:45 AM
By Barney Lerten, KTVZ.COM
Due to a continued slump in plane sales, Cessna Aircraft Co. announced Wednesday morning that it will shut its factory at the Bend Airport and lay off the fewer than 200 people still working there, moving assembly of the Corvalis line of planes to its Independence, Kan., facility.
The Bend closure comes as part of an announcement of eliminating 8,200 jobs, or 20 percent, of parent company Textron's global work force as the recession continues that weaken demand for planes.
"Obviously, very, very disappointing," Cessna spokesman Doug Oliver told KTVZ.COM by phone.
Cessna workers in Bend got e-mails overnight and formal word at a 7 a.m. all-plant meeting.
"Obviously, the business conditions have continued to decline," Oliver said. "We've had to re-evaluate the cost structure and plant efficiency, in light of reduced revenues, so we're looking across the board at what we can reduce, and what to retain, to assure the financial health of the company."
"Sadly, this is something that has to be done."
Cessna had made two deep rounds of layoffs at the Bend plant recently, 165 last fall and another 120 earlier this year. It bought the factory from bankrupt Columbia Aircraft in late 2007.
Cessna delivered more than 700 single-engine piston aircraft in 2008 but expects to deliver only 500 this year, between the Independence and Bend facilities.
Cessna, the world's largest plane-maker, denied the always-persistent rumors that it had planned all along to move the Bend work to its Kansas headquarters.
"There were always plans to change the process, to bring it to what we thought was a Cessna production process," Oliver said. "As a result, some of the work done there would have been reassigned to other facilities better suited for that work."
"It was always our plan to rearrange the process itself, to bring it in line with long-established Cessna processes," Oliver said - but he added, "It was our original plan to keep final assembly in Bend. We've invested a lot of money there."
Most of the workers will get 60-day layoff notices, although Oliver said some would be offered positions in Independence. "The actual transition to Independence will take place this summer," he said.
Asked what could happen to the factory property - whether the firm would sell or keep it, in hopes of better times - Oliver said at this point, "I have no idea."
Some Standard PR Bullshit From the CEO:
This is the text of the note sent Wednesday to Cessna employees from Jack Pelton, chairman, president and CEO
Fellow Cessnans
Late yesterday, Textron released its financial results for the first quarter of the year. They reiterated, as we told you at the end of March, a continued decline in global demand for our aircraft, which in turn requires us to reduce our production rates for this year and next. That also means a reduction in revenue that will require us to be very strategic in our investments to ensure the long-term success of Cessna.
Our primary near-term objective is to focus on our strengths and protect our core products in the light and mid-size business jet market segments, our leadership position in the single-engine piston and turboprop product segment, and our world-class customer support. This strategy brings with it more hard decisions, but necessary in this trying economy.
To ensure our focus is on our strong products in existing markets, we are suspending our development of the Citation Columbus. This was a very difficult decision, but critical to sizing our business to the realities of today's market. We looked at every possible scenario before coming to this decision. We still feel this is a program with great potential and one we will pursue when the market recovers.
Today, it is critically important to support the markets we compete in by strengthening our existing product line and support services. Our strategic investments will be in these areas. To that end, we will continue programs such as the Citation CJ4 and the 162 SkyCatcher. We also will continue to work on research and development of numerous yet-to-be-announced new products, all of this while exploring new ways to strengthen our customer support offerings.
The reduced production rates, regrettably, require another reduction in the work force as I told you in my last memo a few weeks ago. We began today issuing layoff notices to approximately 1,600 Cessnans at every level of the company. As we have done in the past, these colleagues will remain on the payroll 60 days. As we re-evaluate our requirements in the coming weeks following the changes in our product development plans, we will issue additional layoff notices within the salaried work force - up to 700 - by mid-June. This sizes our work force for our currently planned production in 2010.
Quickly reducing the number of aircraft we produce is somewhat more involved than simply slowing our operations. It will require us to extend the planned companywide employee furlough to four weeks, running June 22 through July 19. This companywide furlough will coincide with various assembly line furloughs already instituted to match production to demand. This action is required to remove the aircraft and the associated costs from this year's production schedule.
We will still have the people on duty we need to support customer deliveries, customer service and a few programs and operations that must continue uninterrupted. The rest of us are expected to take part in this furlough unless notified by your supervisor. Additional information regarding the furloughs will be shared soon.
A key part of our activity is cost reduction and that will include consolidation of facilities. We continue to look at a number of options, but some decisions have already been made. While very painful to share, we will be closing the facility in Bend and moving that assembly line to Independence. This is not a result of any dissatisfaction with the Bend operation, but is driven by the need to consolidate facilities for factory efficiency.
I will be meeting today with the Cessna Leadership Team to share details of the state of the market and the economy and of our plans to weather the downturn. They will, in turn, be cascading this information throughout the company in smaller meetings to continue to promote open dialogue through this difficult period.
There doesn't seem to be a lot of good news for Cessna right now, but times will change. That does little to lessen the pain and disappointment brought on by what we're all going through. For those employees who will be leaving Cessna, I want to thank you for your dedication and hard work. For those who will remain, we need to work together to ensure we continue the highest level of service to our customers, survive this economic recession, and prepare for the days when we begin to grow again.
Police: Fake CRR 'doctor' did surgery, gave drugs
Posted: April 29, 2009 09:53 AM PDT
Scott Edward Hanson (Deschutes County Jail photo)
22-year-old arrested in raid on home; 'multiple victims'
From KTVZ.COM news sources
A 22-year-old Crooked River Ranch man was arrested Tuesday in a raid on his home after authorities learned he allegedly had been impersonating a doctor, to the point of performing minor surgery on "multiple victims" around Central Oregon and administering drugs, police said.
Scott Edward Hanson was lodged at the Deschutes County Jail on 24 charges, including six counts each of ID theft and recklessly endangering another person, Redmond police Det. Sgt. Cory Chase said. His initial bail was set at $150,000.
Redmond officers began investigating Hanson on Saturday for allegedly pretending to be a doctor, performing medical procedures and administering medication, Chase said.
The investigation determined Hanson was not a licensed doctor and had not received any formal medical training, Chase said.
Redmond police, assisted by Jefferson County sheriff's deputies, went to Hanson's home on Tuesday, taking him to custody and executing a search warrant, discovering "various medical supplies and other evidence related to this investigation," Chase said in a news release.
Chase said the case was still under investigation, and anyone with information was asked to contact Redmond Police at (541) 504-3400.
Only in central oregon
I heard he did a penis enlargement procedure that went sour on bruce pussy.
The Bully has decided that Cessna blowing town was not worthy of an "open" story...
And it sounds like they spun what they did print as GOOD NEWS for other aviation businesses at the airport.
New Bend budget: Cuts, fees - and weekend bus service
Posted: April 29, 2009 10:27 PM
Last Updated: April 30, 2009 07:08 AM
Councilors, citizens get thick binders, and get to work
By Barney Lerten, KTVZ.COM
The city of Bend's staff unveiled its proposed $375.4 million budget for the 2009-11 biennium Wednesday - nearly $100 million smaller than the current one, for obvious economic reasons, despite proposals to boost some fees and add others to keep proposed cuts from being even deeper.
But in one of its first acts, the city's budget reviewers found a way to fund threatened weekend bus service, voting 8-6 to shift dollars previously directed to an airport road construction project.
The budget, including a $78.7 million general fund budget, amid "extraordinary challenges ... in a time of global economic recession and a struggling local economy," City Manager Eric King wrote in the eight-page budget message to the 14-member city Budget Committee, made up of the seven city councilors and seven citizens.
The new budget comes after the city already laid off 43 employees and eliminated about 56 vacant positions, an overall personnel cut of 18 percent. The proposed budget includes about 450 full-time equivalent positions, down about eight positions (FTEs) from the current staffing level.
The proposed cuts include $6.4 million reductions in personnel, materials and services through staff cuts, limiting pay raises and eliminating vacant positions. The smaller budget also reflects completion of several projects, including the police headquarters expansion - and, of course, a projected continued drop in construction-fueled system development charges.
King said the proposed fee hikes aren't to make up lost revenues, but "to reflect the full cost recovery of services provided." They include recommended rate hikes of 8.25 percent for water and 14.5 percent for sewer in each year of the biennium."These rate increases are crucial to support the maintenance and capital needs of" water and sewer operations, boosting needed capacity and replacing aging infrastructure, as well as to comply with federal and state requirements, King said.
"As much as the city would like to postpone rate increases in a time of economic recession, these maintenance and capital needs cannot be deferred without future detriment and compounded increased costs to citizens," the city manager added.
While the city is seeking more than $40 million in stimulus funding for "shovel-ready" projects, the city also is proposing a new $3/month "street maintenance utility fee" for residential customers, and a similarly structured fee for business customers, to provide stable funding for that work, totaling $2.8 million over the two-year budget.
Also proposed - a "long-range planning surcharge," to cut the level of general fund support needed for Community Development, which funded itself during the growth boom.
Public safety is not being spared the ax, with a proposal to eliminate four vacant police officer positions and delay hiring four firefighter-EMS slots.And while transit supporters worked to find funding and prevent a cut in weekend service, the proposed budget intended to eliminate weekend service for both the fixed-route buses and Dial-A-Ride.
But King brought the proposal to use funds from a planned improvement at the intersection of Butler Market Road and the Powell Butte Highway, near Bend Municipal Airport. He noted it's the top project in Bend's federal appropriations requests, so it might proceed anyway.
After some time for the councilors and budget panel to go over the numbers and review a thick budget binder, they will meet May 12, 13 and 14 at 4 p.m. to review the budget, fund by fund, including public hearings.
New Bend budget: Cuts, fees - and weekend bus service
Posted: April 29, 2009 10:27 PM
Last Updated: April 30, 2009 07:08 AM
Councilors, citizens get thick binders, and get to work
By Barney Lerten, KTVZ.COM
The city of Bend's staff unveiled its proposed $375.4 million budget for the 2009-11 biennium Wednesday - nearly $100 million smaller than the current one, for obvious economic reasons, despite proposals to boost some fees and add others to keep proposed cuts from being even deeper.
But in one of its first acts, the city's budget reviewers found a way to fund threatened weekend bus service, voting 8-6 to shift dollars previously directed to an airport road construction project.
The budget, including a $78.7 million general fund budget, amid "extraordinary challenges ... in a time of global economic recession and a struggling local economy," City Manager Eric King wrote in the eight-page budget message to the 14-member city Budget Committee, made up of the seven city councilors and seven citizens.
The new budget comes after the city already laid off 43 employees and eliminated about 56 vacant positions, an overall personnel cut of 18 percent. The proposed budget includes about 450 full-time equivalent positions, down about eight positions (FTEs) from the current staffing level.
The proposed cuts include $6.4 million reductions in personnel, materials and services through staff cuts, limiting pay raises and eliminating vacant positions. The smaller budget also reflects completion of several projects, including the police headquarters expansion - and, of course, a projected continued drop in construction-fueled system development charges.
King said the proposed fee hikes aren't to make up lost revenues, but "to reflect the full cost recovery of services provided." They include recommended rate hikes of 8.25 percent for water and 14.5 percent for sewer in each year of the biennium.
"These rate increases are crucial to support the maintenance and capital needs of" water and sewer operations, boosting needed capacity and replacing aging infrastructure, as well as to comply with federal and state requirements, King said.
"As much as the city would like to postpone rate increases in a time of economic recession, these maintenance and capital needs cannot be deferred without future detriment and compounded increased costs to citizens," the city manager added.
While the city is seeking more than $40 million in stimulus funding for "shovel-ready" projects, the city also is proposing a new $3/month "street maintenance utility fee" for residential customers, and a similarly structured fee for business customers, to provide stable funding for that work, totaling $2.8 million over the two-year budget.
Also proposed - a "long-range planning surcharge," to cut the level of general fund support needed for Community Development, which funded itself during the growth boom.
Public safety is not being spared the ax, with a proposal to eliminate four vacant police officer positions and delay hiring four firefighter-EMS slots.
And while transit supporters worked to find funding and prevent a cut in weekend service, the proposed budget intended to eliminate weekend service for both the fixed-route buses and Dial-A-Ride.
But King brought the proposal to use funds from a planed improvement at the intersection of Butler Market Road and the Powell Butte Highway, near Bend Municipal Airport. He noted it's the top project in Bend's federal appropriations requests, so it might proceed anyway.
After some time for the councilors and budget panel to go over the numbers and review a thick budget binder, they will meet May 12, 13 and 14 at 4 p.m. to review the budget, fund by fund, including public hearings.
...proposed $375.4 million budget for the 2009-11 biennium...
$375MM will prove too much. It'll drop to the $200MM's. Then they'll go broke at some point...
Remember Folks: These "shortfalls" are ALL the result of BUILDERS making a MONEY GRAB. Brooks et al, are 100% RESPONSIBLE for this City going broke, and all the job losses to date for the City.
And they're still at it, insisting that perpetually delayed SDC's is the Way Out. No... this is just another way of making the cuts PERMANENT. This sort of "short term test" is how all things become permanent in government. ALWAYS.
So if you're a cop, fireman, or Bend City admin worker out of a job, BLAME DEVELOPERS.
Whoops.... me & someone else had Vulcan Mind Meld on that KTVZ budget story...
From Dunc's blog comments:
Bend Economy Man said...
The Bulletin's BOTC headline said "Cascade Bancorp remains cautiously optimistic."
In a place like Bend, when even an ear-to-ear smile and a whole raft of optimistic B.S. rarely means there's any substance to a venture, cautious optimism is the same as admitting defeat.
It blows me away that Patty Moss and her team are still in charge at Bank of the Cascades. How can you lose well over 90% of a bank's value, to the point where you can't rule out FDIC receivership, and basically have to admit that every decision you made in the last 5 years was wrong but "looked right at the time," and still keep your job?
April 28, 2009 1:53:00 PM PDT
LOVE the Bulletin's Cessna headline.
"Area aviation officials say they'll survive Cessna's departure"
Yeah, the headline that popped to my mind was "Cessna shutdown deals brutal blow to a reeling Bend economy." I knew they wouldn't go with honest, but in my wildest dreams I didn't expect spin like this. It's the kind of unimaginably extreme spin that'd put a billiard ball into an alternate universe.
Answer: An Ingrained Good Old Boy network, without a Meritocracy in sight to spoil the view...
It's the kind of unimaginably extreme spin that'd put a billiard ball into an alternate universe.
"Bend Exceptionalism: Defying Einsteinian Physics for Over 30 Years!"
blackdog on Dunc's comments rightly calls much of Bend's OPTIMISTIC reaction to the current malaise, "A Triumph of Hope Over Experience".
PERFECT.
That describes almost EVERY SINGLE THING touted by every single interviewee of The Bully. 100% HOPE in defiance of what is actually going on around them.
The Bulletin's BOTC headline said "Cascade Bancorp remains cautiously optimistic."
Thank God we have clear-headed thinkers like Moss in charge.
And nopte that NOT A SINGLE BULLY BUSINESS LEADER (Moss, Bill Smith, Hollern, Costa, NO ONE) blames themselves. NONE.
Moss thinks she DID EVERYTHING FINE. Hell, she'd DO IT AGAIN.
Not a single business leader in Bend will admit a single mistake has been made in the 100% WHOLESALE DESTRUCTION OF THIS TOWN.
BEM is Right: Admitting even cautious optimism is akin to 100% ABJECT DEFEAT.
"Area aviation officials say they'll survive Cessna's departure"Ain't that swell. The economy is dying but at least those "officials" will survive.
You can read what I have to say about Cessna on The Wandering Eye.
"It's the kind of unimaginably extreme spin that'd put a billiard ball into an alternate universe."
Not to offend any Republicans out there, but FOX News does this all the time, e.g., its headline writers can make Arlen Spector's defection look like its the Democrats who better start worrying.
It's an art form -- just look at Google News headlines.
Many of them said: Save our campus
By Sheila G. Miller / The Bulletin
Published: April 30. 2009 4:00AM The Bulletin
A crowd of about 550 attended the hearing state lawmakers held Wednesday at Oregon State University-Cascades Campus to discuss budget cuts. Many watched the hearing on television screens because of the overflow. AT TOP: More than 70 people signed up to testify before the lawmakers on the Legislature’s Joint Ways and Means Committee.
More than 15 people spoke Wednesday and dozens more wore T-shirts and stickers to support keeping Oregon State University-Cascades Campus open in spite of a $4.4 billion state budget shortfall.
“OSU-Cascades has done something six prior institutions were not able to do: excite me about getting my bachelor’s degree, while making an impact in my community,” said Bjorn Peterson, 27. “We need Cascades because of the message it sends. … That you’re committed to growth in Central Oregon, that we’re here to do more than run your ski lifts and make drinks and clean your condos.”Students, local government members and concerned citizens turned out in force to support the OSU-Cascades Campus, but speakers brought up dozens of other issues in the hearing, including the importance of supporting local school districts, disabled and mental health services, and county fairs. Some traveled hours to attend the event.
OSU-Cascades Dean Becky Johnson said the well-being of the area depends on the university campus.
“In 20 years, we will not regret having a campus here in Central Oregon,” she said.
About 550 people came to the hearing and 77 people testified at the event, held in Cascades Hall. The hearing was a stop on the Legislature’s Joint Ways and Means Committee’s statewide tour to gather public input on how to deal with the budget shortfall, currently projected at $4.4 billion over the next two years. The deficit, roughly 30 percent, could result in cuts to all levels of state government, including the possible closure of OSU-Cascades. With the main room filled, others gathered outside to watch the hearing on televisions.
“We will try to keep in mind that when we make a cut, what the consequences are, not just in terms of balancing the budget, but the consequences five, 10 and 15 years down the road,” said Rep. Peter Buckley, D-Ashland, co-chairman of the Ways and Means Committee.
“It’s obvious, the impact of the Cascades Campus and its strong relationship with Central Oregon Community College. That was emphasized in a very effective way. And there are many other important programs that impact people across the state.”
A.J. Nelson, a student at COCC who will graduate this spring with her associate’s degree, said she plans to attend OSU-Cascades and needs the campus to remain open for her to avoid immense student loans. “I plan to graduate with a degree in general science and go on to become a pediatric dentist,” she said. “It is important OSU-Cascades remains here, not only for the community, but for myself personally to aid me in pursuing my career.”
Other people turned up to explain their concerns about the 2009-11 budget. Several people asked the committee to add funding to the Attorney General’s Office to support enforcement of civil rights and environmental laws. Gina McClard, an officer of the Deschutes County Democrats, said civil rights enforcement is a big deal in Central Oregon.
“We have ADA noncompliant buildings, sidewalks, public and private buildings,” McClard said, referring to the Americans With Disabilities Act. “We have hotels, stores and restaurants that turn away disabled people who show up with service animals. Less of this would happen if we have a civil rights division.”
Other speakers asked the committee to continue supporting OSU’s extension services in the area, as well as fire protection. John Morgan, a resource manager for Ochoco Lumber Co., said he was worried what proposed cuts to forest programs would do in wildfire season.
“As a private landowner I’m very concerned,” he said. “We’ve got a lot of fuels and dry weather and dry climates, and those add to the fire risk and then catastrophic fire events occur, and it wipes out our resources. They’re very expensive to fight, and they’re very expensive to reforest.”
Among the hundreds who turned up to speak about the budget were several recovering drug addicts, who told of programs they say are vital to keeping their lives in order. Jennifer Bankhead, who attends COCC and who described herself as a former methamphetamine addict, said an important part of her sobriety was sending her son to MountainStar Family Relief Nursery, a local nonprofit providing day care and other services for families in need. The nonprofit receives state funding.
“Without MountainStar there would be nowhere for Anthony to go,” she said of her 2-year-old son. “It makes it possible for someone like me to stay drug-free.”
Buckley said it was comments like those that made the committee’s job so important.
“We’re going to do everything we can to keep these state services going,” he said.
The committee will next head to Klamath Falls and Ashland before holding a hearing in Eugene on Friday.
*
Would you like your condo cleaned by a Bachelor's degree holder, or just an Associate's degree holder?
hbm said...
You can read what I have to say about Cessna on The Wandering Eye.
------
Having read some of the crap that you write, it should be called, The Wandering Brown Eye.
Lots of crap from The Wandering Brown Eye. But not a whole lotta people over there reading hbm's crapola. Hence he comes here trolling for readers to go look at his crap there.
Get lost hbm. Go where the pussy went.
Any news on the Summit 1031 exchange
situation? Haven't heard anything.
Having read some of the crap that you write, it should be called, The Wandering Brown Eye.Thanks for reminding me why I stopped posting here. Good-bye.
http://bend.craigslist.org/spo/1148021548.html
Skateboard Shop Liquidation - Final 4 Days - Everything Goes!
The entire inventory is being liquidated at or below cost. Skateboard, Decks, Trucks, Wheels, Hardware, Clothing, Shoes, and more.
Plus, all of the store fixtures. Showcases, Deck Racks, etc.
Final 4 days - Come in now for the best selection!
Westside Ride
1052 NW Newport Ave
Bend OR 97701
RE: Westside Ride
I saw the owner received the NOD on his house in March. Rumors were there was a $50k lawsuit from Burton over product received but not paid for, and there have been a couple Clerk Leins filed against him in the last month and a half. One from the Oregon Employment Department and one from the state Department of Consumer & Business. I figured it wouldn't be long.
RE: Having read some of the crap that you write, it should be called, The Wandering Brown Eye.
Thanks for reminding me why I stopped posting here. Good-bye.
####
The core of Bend BS. Lot's of talk from anonymouses.
And lot's of pie in the sky self-serving BS from "officials".
Later. Back to a place with people actually working.
Not just selling each other videophones...the current bubble.
Sorry Tim, I misused my apostrophes.
ACN videophones, the current Bend Bubble.
Later much, Exerscab. Have fun in Jewtah, bikeboy.
You mean having fun in a place that doesn't freeze every fucking night?
One without a phalanx of homeless beggars on every other corner, from downtown to both ends of town?
One with 5.2% unadjusted unemployment rather than 17%?
####
Yeah, I'll enjoy that.
You can keep ignoring the beggars.
Sorry if you have an anchor here, asshole. I don't.
Hey, you make your bed....
Exerscab?
You obviously own too many empty rentals right now.
Brilliant. We all know you are the fucking king of rentals. Your math has amazed us for months.
Etc.
You know what, you man up and talk with your real name, build a coalition, like at DRW, you're rentals might actually be worth something.
But since the only folks manning up are me, Dunc, and hbm, all hopeless fucking liberal progressives, we can see that the chance of you manning up is about the same as the last time you actually saw your own dick.
"But since the only folks manning up are me, Dunc, and hbm, all hopeless fucking liberal progressives, we can see that the chance of you manning up is about the same as the last time you actually saw your own dick."+++
Umm, Bruce Pussy, let me remind you that the reason you are called PUSSY around here, is because you are a PUSSY, not a man. The man is your precious Trudy, who wears the pants at your house.
Manning up can only be done by a MAN, of which you are not.
A Man is the provider in his household.
A Man is the decider in his household.
A Man does not send his wife out to provide for the income, while he stays behind to blog online about buttplugs and city council mtgs.
You are not a Man, Bruce Pussy, so therefore you can not Man Up. You are only a Pussy.
And even if you were a Man (which you are not, you are a Pussy), a real man would never associate himself with Dunc and hbm to prove his Manhood. Those two are the least likely candidates for manhood.
Wow!! The BP lives. He hasn't left yet.
Flame on Pussy, FLAME ON!!!
Tell us how you really feel.
ROTFLMAO!!!!
Go get 'em Bruce Pussy!!
What a 'tard, that Pussy. We shall surely miss him.
"And lot's of pie in the sky self-serving BS from "officials".
*
Hey, BP, weren't you gonna burn the elected officials with your exec session manifesto before you left?
Action speaks louder than words.
Re: A Man is the provider in his household....And even if you were a Man (which you are not, you are a Pussy), a real man would never associate himself with Dunc and hbm to prove his Manhood. Those two are the least likely candidates for manhood.
####
A man stands behind his words.
Unlike yourself.
Anonymous said...
It was the year of our lord, 2009, if I remember correctly. The tale of two young lovers that set out for Jewtah on a trip that would make that of the Donner Party look like a picnic.
They were in love, them two was. Reminded me of a couple of wild eyed school marms, partaking of each others harvest for the first time.
Twas tales of Jewtah that filled young BP's head. Tales he'd heard as a boy, while sitting at the knee of Grandpappy Pussy.
The stories of money so plentiful that it was there on the ground, ripe for the pickin. All a man had to do was bend over and he'd become rich.
Tales of young virgin mormon lasses, beautiful in their flowing white garments. Spreading their legs to Jesus and letting a weary traveler partake in their luscious glory.
Accounts of tiny little midget women that would come out of the mountains and teabag a stranger as he shoved the cloven hooves of the bountiful bovine beasts into his tall-boots.
Ah yes, it was these tales that drew BP and Trudi to that promised land of milk and honey. They knew that they must make the long and treacherous journey.
There was nary a dry eye as the two of them said goodbye to their kin folk and neighbors in Oregon. With nothin more that a bicycle strapped to Trudi's shoulders, an exercise tape in one hand, and their trusty dog in the other, they lit out.
It was a cold and bitter May morn, that spring of ought nine. And what lay ahead could not have been imagined.....
Re:
Hey, BP, weren't you gonna burn the elected officials with your exec session manifesto before you left?
###
Yes, as much as the law allows. Which ain't very fucking much, as I've found out.
I'll file it next week. It's up to you folks to follow up.
And I'll put my name on it. Since it's required.
Pussies? They smile and growl.
Cunts? They snarl and hide.
Eunuchs? They live at BB2.
Anonymousely.
Want to fix your town, better grab a ball and stand up. Like they did in DRW.
I'm convinced it simply isn't going to happen around here.
365th out of 372 MSA's in unemployment. And still in denial.
Re: Anonymous said...
It was the year of our lord, 2009, if I remember correctly. The tale of two young lovers that set out for Jewtah on a trip that would make that of the Donner Party look like a picnic.
####
Yeah, fucking anonymous said.
It goes nowhere.
End of story.
Man up and do something.
Or just be an asshole.
A man stands behind his words.$$$
But, then ...
Quimby is not a man?
Tim is not a man?
Butter is not a man?
Marge is not a (wo)man?
Anybody else who uses an alias, not a man?
Only fools like Dunc, hbm and Pussy are the real men here?
Is that really the sign of a man?
Somebody who foolishly exposes their idiocy for all to see?
And also exposes their loved ones' privacy to public scorn?
Is that the sign of a real man?
Re: Like they did in DRW.
###
Sorry, OWW.
Not a fucking cunt in this place that will man up and bitch publicly. Whether it's BAT or spending $700K on updating building codes.
Fucking sad.
You might as just as well all shave yourselves.
365th out of 372.
Do you know how fucking pathetic that is?
Hey, Bewert, go brush your tooth.
Re: Anybody else who uses an alias, not a man?
####
An alias?
Not when it comes to fucking reality. Standing up in front of a crowd and making your views known.
Pretty fucking self evident, isn't it?
The only one who mans up is Marge Carlson. And she is a tough old broad.
You need more like her around here.
Re: Hey, Bewert, go brush your tooth.
####
That's the best you got?
Pathetic.
No wonder this town is imploding.
Fucking anonymouse goes "Go brush your tooth?"
Hey anonymouse, I don't work at the fucking gas station. I ain't pumping, I'm leaving.
Anonymouse, anonymouse, will you ever grab your dicks and man up?
####
Eeeek, no.
I'm scared.
I might have to pay higher water bills....oh, I guess I get to anyway.
War, girls. Bring it.
Let me repeat, girls:
365th out of 372.
Do you know how fucking pathetic that is?
####
This beautiful little city is now in the bottom fucking 1% of the entire nation when it comes to actually employing the residents.
Bottom 1%.That is truly fucking sad. This place is nowhere near as ugly as Flint.
I guess you could sue the city council, but you would have to put your name on the lawsuit.
But that ain't happening....
I guess you could sue the city council, but you would have to put your name on the lawsuit.
But that ain't happening....@@@
Hmmm, I think that's what some people have been saying about you and your exec session complaint for some time now.
Bruce keeps telling us that he is going send it in. It is ready and he's gonna send it in, tomorrow, well maybe next week... soon.
But that ain't happening, is it BP?
It ain't ever gonna get filed, that complaint, is it BP?
Filed with your Bruce E. signature... forget about all the other losers in the world.
Is Bruce E. gonna do it, or just talk?
Yeah, Flint is ugly, but that's a matter of decay. Michigan itself is beautiful. Bend's decay could be much more rapid than Flint's.
Re: Is Bruce E. gonna do it, or just talk?
###
You buying me lunch at Super B?
Basically, all we can file on is the lack of notice. And even that is iffy.
Unless someone privy to the conversations gets pissed and files. Judging from my inquiries with the last few BULL reporters, they are cowed into saying nothing.
And although I have had two council members state to me that they think exec sessions are overboard, neither will file.
So it's simply notice. What they are talking about.
Something, but not what I was hoping.
And you will have it in the next few days. It will be my last post on my blogs.
Then Homer can take them off the masthead.
The reason I am a bit pissed is I invested thousands of dollars moving here, believing the PR. Even pitching the PR to an old friend to help get the national cycling events here.
But the local "management" is fucking pathetic.
I simply don't know any other way to put it.
Some of you have to man up.
Later.
Brucey I told you I don't like it when you use foul language on these blogs. Besides everyone here has already figured out that you're a pussy and you don't have actually have the balls to stand up to the city council like you always talk about doing. Now get off the damn computer and come and get some Man-wife lovin'. I even put some extra lube on the strap-on this time.
Bruce,
If you were tempted here by the PR, that is indeed a good reason to be mad. I didn't even know Bend was supposed to be special when I moved here. Of course, I didn't know the paper was lousy, the Realtors were in control, or the local gov't was silly. But my expectations were clearly lower than yours.
Good luck to you. I do like to see people make fun of you, but only because your reactions are so priceless. Having said that, I like you a lot.
---
Anyone read Bike's comments over at the board? Pretty damn good post. And no, I'm not Bike. :-)
http://bendeconomy.informe.com/forum/general-f1/will-osu-cascades-become-a-victim-of-the-recession-t4939.html#p23144
>>Some of you have to man up.
I hope you're joking when you say that. You, after all, are the poster boy for how much energy can be expended while effecting so little change.
You SAY we should get involved in Bend gov't, but your sad example teaches us a wiser path.
Re: You SAY we should get involved in Bend gov't, but your sad example teaches us a wiser path.
####
Which is?
>>Which is?
Don't dick with the city council.
Spend time with family & friends & the river.
Snipe anonymously to blow off steam, but have realistic expectations about this town's future, and know that it mostly doesn't want any help to become sane or healthy.
Bruce, you should be somewhere you can do good. This ain't that place.
RE: Besides everyone here has already figured out that you're a pussy and you don't have actually have the balls to stand up to the city council like you always talk about doing
###
Yeah, everyone who is scared to make a public statement at the front of CC sessions. Or is scared to phone or email them.
Like you.
Asshole, I've posted responses from our fine councilors right here on BB2. You can't even find your pussy with your finger.
And, yes, I am having a great time being and angry troglodyte leaving this town in the bottom 1% of the USA right now.
The bottom 1%?
It simply astounds me.
Bottom fucking 1%??I simply wonder how the fuck we got there.
But since I just watched several rather sad parents at Freddie earlier today tell their kids they couldn't get something right now...
Re: Bruce, you should be somewhere you can do good. This ain't that place.
####
Yep. Truth.
But then I may be deluded in thinking that there is any town/city actually interested in its common citizens...
>>But then I may be deluded in thinking that there is any town/city actually interested in its common citizens...
I can speak from experience of midwest, south, and west coast. On the west coast the city councils are political in a way I never saw in the midwest or south. I'm talking middle-sized cities, not behemoth cities. All big cities are political.
What you want is a city council where practical considerations bind tighter than politics. Don't know if you'll find what you want. But I gotta say I doubt you'll find anything as ridiculous as Bend. So you'll at least have the advantage of comparison.
For you, that'll probably feel like Andre the Giant walking off your chest.
>>>But then I may be deluded in thinking that there is any town/city actually interested in its common citizens...
The first time you posted that you were fed up with something the city council had done and you were now moving, I just figured it must of been something else. I mean it's the city council we are talking about right? Gotta be a whole pile of other things and the city council was just the tip of the iceberg type deal. I'm not sure with you anymore....
I've lived in a lot of places. Each one I've felt the city governments are all borderline fucked up but to differing degrees. It seems that depending on the size of the locale the problems are either amplified or masked. But in each they are there. And that is where you crack me up. You dive chin first looking for the worst of it and now act shocked when you find it. SHOCKED. But Bruce they are city governments. What do you expect?
Re: But Bruce they are city governments. What do you expect?
####
Something in the top 100 of UE.
Enough responsibility among the elected elite to put a town there.
Yep, SHOCKED. I actually expected something better here.
All the PR, ya know.
Swine flu not stopping some from Mexico travel
Posted: April 29, 2009 05:34 PM PDT
By Kate Paul, KTVZ.com
Despite over 1,300 reported cases of swine flu in Mexico, one Bend man says he and some close friends and family members have been planning a trip south for months, and there's no stopping them now.
Justin Yax is a public relations director by trade, and an avid traveler by hobby. "We've traveled to Third World countries, and some real impoverished areas of different corners of the world," Yax said Wednesday. Yax and his wife Mary have been all over the globe, from Paris to Africa, the Caribbean - and soon, a tropical beach in Mexico.
"Going just south of Cancun for my wife's 40th birthday party," said Yax. "With a group of 14 people, friends from all around the country, and a number of them from here in Bend."
But unlike many, Yax says the swine flu outbreak, believed to have started in Mexico, doesn't scare him. He's confident, after doing his research.
http://www.ktvz.com/Global/story.asp?S=1....
This idiot wants to infect everyone in Bend on purpose.
>>>Yep, SHOCKED. I actually expected something better here.
So how about this. Next city you gotto put all of your energy and find the great things they do. Just for fun. Then be just as shocked. Works both ways Bruce.
I invented Fagscape, a video treat for sodomy, after I broke my leg working for the Alta Butt Patrol. After 20+ years in Jewtah, where I moved a week after graduating from college in Wisconsin (oh how I miss the BoDeans), I moved to Bend, Oregon in February, 2005. I didn't do my homework and was shocked to find out that without a set of balls, I wouldn't make it there. I started teaching anal cortex penetration last year, after my wife told me I had to get out of the house and away from the computer more, and love it. My new name is "Mr. Bruce" to the great kids I get to help learn :)Some people still call me Butt Pirate, but that's Okey Dokey by me. Now I'm going back to Jewtah with my tail between my legs. (At least now it looks like I have something between my legs...tee hee)
what parent can't fucking control their 12 year old? Step back from the keyboard junior. You aren't witty, and if you look at your posts sometime after you turn 20 you are going to be embarrassed. I supposed that's why anonymity is good.
Shameless plug for Knife River, et al...
Bend’s future growth could be hindered by insufficient infrastructure
By Jeff McDonald / The Bulletin
Published: May 01. 2009 4:00AM PST
The global recession will eventually turn around, but Bend’s pressing road, sewer and water needs could pose a more long-term problem if efforts to update them are not successful, economic development and city officials say.
Many systems are in need of upgrades and expansions after years of rapid growth, according to business groups, who say they’re working with city leaders to address the issue.
If an Intel Corp. or a large solar panel manufacturer were to decide it wanted to locate a manufacturing plant in Bend with its current sewer and water capacity, the city would not be able to accommodate the company, said Roger Lee, the executive director for Economic Development for Central Oregon, which promotes growth in the region.
“We are not ready,” Lee said about the potential to recruit a large utilities user like Intel or some renewable energy companies. “It has become very clear for a lot of (recruitment) projects that we have looked at in the last 12 months.”
With nearly 15 percent seasonally adjusted unemployment and a recession that has cut a broad swath across nearly all of Central Oregon’s major industries, the future development of Bend could depend on making sewer and water improvements, said Bill Robie, the governmental affairs director for the Central Oregon Association of Realtors.
Who will pay for the systems needed? Robie says it’s too early to tell.
But he believes a combination of local government and federal stimulus dollars will be necessary.
“From our perspective, these are the fundamental issues that our local government should be spending money on,” Robie said. “You can have the debate about the bus system, but there is no question if we don’t have the roads, sewer and water, we are not going to be able to grow in a sustainable fashion.”
About $500 million in improvements need to be made to the city’s roads, water and sewer systems to meet capacity for the next 20 years, said Tom Hickmann, utilities services division manager for the city.
About half that cost would be for water, wastewater and sewer improvements, which would have the most direct impact on existing business expansion and future growth, Hickmann said.
“Even if growth was at its peak, there would not be enough revenue,” Hickmann said.
Federal stimulus dollars could help — the city has applied for $12 million in grants and low-interest loans, he said.
But the biggest dent will be made through higher utility rates for both industrial and residential customers, Hickmann said.
Water rates increased 8.25 percent last fall, and the Bend City Council will decide whether to impose a 14.5 percent annual increase on sewer rates during the current budget session, Hickmann said.
Existing businesses looking to expand are facing challenges due to the city’s limited wastewater capacity.
Deschutes Brewery, which is considering expanding its brewing facilities located near the roundabout at Colorado and Simpson avenues, is restricted in that growth until either the brewery or the city can create more wastewater capacity, said Michael LaLonde, chief operating officer for the brewery.
The company could choose to build a new brewery closer to its future markets in the Midwest and Southeastern United States if wastewater issues with the city cannot be resolved, LaLonde said.
“We have to consider whether increased costs of wastewater expenditures (in Bend) make it worthwhile to do it here or in other locations,” LaLonde said.
The company is considering three options: whether to build its own wastewater treatment plant, partner with the city to build a new one, or improve the existing facility, LaLonde said.
“We are trying to work closely with the city to have a worthwhile benefit,” he said. “We can invest in some part of the infrastructure so they don’t have to and vice versa.”
Another business has seen its sewer costs increase significantly in the past 18 months.
“We are a big user of water here, and it is our obligation to make sure our water is clean as well,” said Steve Seefeldt, the general manager of Mission Linen Supply, an industrial launderer on First Street in Bend. “I realize the infrastructure isn’t really there in Bend. It’s old and antiquated. We all need to do our part financially and in other ways to help the city move forward.”
City staff will meet with a group of business leaders Monday at St. Charles Bend to kick off discussions about how to fund future utilities in Bend. The meeting is by invitation only, Robie said.
Brucey, hbm, tim, Anon...
Man, that is some funny shit!
The five stages of [Loss] are as follows: Denial, Anger, Bargaining, Depression, and Acceptance
Brucey's jumping between Anger & Acceptance on each comment!
This idiot wants to infect everyone in Bend on purpose.seriously, what a douche
I know people who had vacations planned and they have decided to go elsewhere. But not this guy, he's gonna go and put us all at risk...selfish douche.
Did he research who he's riding on the plane with or who's serving him drinks....kook
Anonymous said...
This idiot wants to infect everyone in Bend on purpose.seriously, what a douche.
--------
Mark my words, this Swine flu bullshit is going to be the most overplayed story of the year. Already is!
Cascade Bancorp (Oregon) Announces Filing of Form 10-Q
Quarterly Report and Results for the First Quarter of 2009
- Net Loss Per Share of ($0.14) Compared to $0.22 Earnings Per Share for Year Ago Quarter
- Loans Down 5.1% Compared to Year Ago Levels
- Deposits Up 10.7% Compared to Year Ago Levels
- Reserve for Credit Losses at 2.61%
- Net Interest Margin at 3.86%
- Total Risk-Based Capital Ratio at 10.27%
BEND, Ore., May 1 /PRNewswire-FirstCall/ -- Cascade Bancorp ("Cascade") (Nasdaq: CACB) reported a first quarter 2009 per share diluted loss of ($0.14) per share compared to earnings of $0.22 per share for the year-ago quarter with a net loss of $3.9 million compared to earnings of $6.0 million for the year ago quarter.
The quarterly loss was a result of decreased net interest income and elevated loan loss provision expense due to the ongoing effects of an adverse economy.
Net interest income declined during the first quarter of 2009 primarily due to lower interest and fee income on loans largely because of interest reversals and interest foregone on non performing assets (NPAs). NPAs increased to $217.3 million as of March 31, 2009, a majority of which remain concentrated in the hard hit residential land development and construction portfolios.
First quarter 2009 provision for loan losses totaled $15.0 million (pre-tax) against net loan charge-offs of $12.4 million (pre-tax) compared to provision expense of $4.5 million against net charge-offs of $4.2 million in the year ago quarter.
With NPA at $217MM and Assets at $2.314BB, that pushes CACB NAP Assets near 10%.
If Moss isn't fired over that, then God help that stupid ass bank.
I'll bet my fat cottage-cheese ass that Moss (if she survives), will now tout her "strong" commercial portfolio, ie The Next Shoe to Drop.
Notice how Mr. Fake Doctor got significantly more play on the front page today than almost 200 Cessna layoffs got yesterday? Even a photo!
Notice how Mr. Fake Doctor got significantly more play on the front page today than almost 200 Cessna layoffs got yesterday? Even a photo!
----------
So what.
So what.
----------
Yer mama!
Here is the NOD Chart thru April 30th
Marge,
It's a new month. What do the April numbers look like? What percent of the sales were foreclosures and short?
Thanks
"Step back from the keyboard junior. You aren't witty,"
Agreed.
It looks like some of the discussion we'd normally have here is shifting over to Dunc's blog.
Maybe this is a sign that moderation of comments isn't such a bad idea after all. People are voting with their feet.
This blog will, however, become more lively once Buster gets back from La Pine.
>> Maybe this is a sign that moderation of comments isn't such a bad idea after all. People are voting with their feet.
Wishful thinking HBM.
Re: Brucey's jumping between Anger & Acceptance on each comment!
####
Amen.
Anger at the denial, and acceptance of the huge mess here.
And I agree with LB, most places you can't make a difference. Hell, SLC? Mormron capital of the world?
At least all their population centers are currently in the top 35. The top 10%.
And if they seem to be doing most shit right, I just worry about my own shit.
Maybe that's why I got so worked up over here.
Re: Mark my words, this Swine flu bullshit is going to be the most overplayed story of the year. Already is!
####
Bet you an SB burrito.
If you care to actually bet without being anonymouse.
Oh, well.
Oh, and this one is for those of you who only watch Fox News.
Like my father-in-law.
No matter how much I love and respect him, a vet who flew the first jets to AK, it becomes very apparent that Fox, etc. are poisoning our society with lies.
Hell, they went to court in Florida and won, in a case where they fired a couple of reporters who wanted to tell the truth about cow steroids and milk.
Imagine that. A news channel that litigates the ability to present "news" even if it is literally false. A lie.
It's called Fox News.
it's call Faux News
It's like cigarettes, using either is an pretty good indicator of one's intelligence...or lack there of
OK, off to my last First Friday...
Someone post the fees increase article from the Bull.
According to The Bully, All Is Well At CACB:
Despite loss, Cascade Bancorp sees more deposits
By Andrew Moore / The Bulletin
Published: May 02. 2009 4:00AM PST
Bend-based Cascade Bancorp, the parent company of the Bank of the Cascades, reported Friday a loss of $3.9 million, or 14 cents per share, for the first quarter of 2009, which it blamed on a decline in interest income due to an increase in nonperforming loans, and higher loan loss provisions due to the region’s sour economy.
The loss compares with earnings of $6 million in the same quarter a year ago. The company reported a loss of $137.6 million in the fourth quarter of 2008, due primarily to a $105 million accounting charge.
With the accounting charge aside, CEO Patricia Moss said, the bank performed “substantially” better in the first quarter compared with the fourth quarter, as winter is often the most challenging time for real estate-related borrowers.
The company’s nonperforming assets increased to $217 million as of March 31, concentrated in the bank’s residential land development and construction loan portfolio, according to the company’s earnings announcement. Nonperforming assets, or current loans borrowers are not paying against, were $159 million as of Dec. 31, 2008.
The increase in nonperforming loans affected the bank’s interest income, according to its earning statement. Income from loan interest and fees declined 27 percent, to $27 million in the first quarter of 2009 from $37 million in the fourth quarter of 2008.
The company’s first-quarter loan-loss provision increased to $15 million, compared with $4.5 million in the prior quarter, or an increase of more than 233 percent. Company loans charged off increased to $12.8 million in the first quarter of 2009 from $4.7 million in the fourth quarter of 2008, or an increase of roughly 172 percent.
A loan-loss provision is money set aside to cover loans that may default and is accounted for as an expense. Charge offs are losses that have already been recognized by the bank.
“We think we’ve taken an appropriate amount of reserves on those loans,” Moss said.
A bright spot for the company showed up in deposits. Total deposits at the bank rose 2.52 percent in the first quarter compared with fourth quarter 2008, to $1.8 billion, led by a nearly 12 percent increase in non-interest-bearing checking accounts. Compared with the same quarter a year ago, total deposits are up 10.7 percent, according to the earnings announcement.
“We’ve seen community members in places like Bend and Southern Oregon and Boise show support for community banks,” Moss said. “We’ve made a point of saying it takes deposits to make loans, so we want our economy to be re-energized, and it takes deposits to do that.”
The company said it remains well-capitalized, with a risk-based capital ratio of 10.27 percent.
After the earnings were released Friday, shares of the company rose a nickel, or 3.01 percent, to close at $1.71 in Nasdaq trading.
Founded in 1977, Cascade Bancorp operates 33 branches in Oregon and Idaho.
Note the BULLSHIT FACTOR. The HEADLINE says DEPOSITS ARE GROWING, YEAH! Then says it is due to NON-INTEREST BEARING CHECKING ACCOUNT DEPOSITS, when the actual earnings release states the REAL CULPRIT is BROKERED DEPOSITS, which are basically CD's BOUGHT on the open market at VERY HIGH RATES.
The company BOUGHT it's way into these HIGH COST LIABILITIES.
The Company's loan portfolio decreased 5.1% from the year-ago levels primarily due to loan charge-offs coupled with management's actions to reduce non-relationship loans under the present adverse economic conditions. Total deposits at March 31, 2009, were $1.8 billion, up 10.7% compared to a year-ago mainly as a result of increased time and brokered deposits.
MORE FLAT OUT LIES BROUGHT TO YOU BY THE BULLETIN & MOSS CO.
despite massive losses, we've found a few suckers to give us more money to fund future loses.
Thanks,
Pat Moss
You too, can RENT IN PRONGHORN!
http://bend.craigslist.org/apa/1150718022.html
Or even Franklin Crossing! Rent a 1 bed, 1 bath condo, for only $2,400/month!
You lucky bastard!
http://bend.craigslist.org/apa/1150708952.html
Up until last fall, the theme on this blog is that the rest of the U.S. is basically OK -- it's just Bend that made the mistake and is going to suffer the consequences.
In the 'economy sux' category, Bend truly IS 'exceptional'.
It's actually an advantage in some sense for (most of) the rest of the country to be in economic crisis -- since now Bend no longer looks exceptional in the "economy sux" department.
When the nation is at 9% unemployment, a few digits more doesn't matter right?
It makes it seems like the problems are from elsewhere -- we're just feeling the pain 'a little more'.
And the natural assumption - therefore - is that as soon as it picks up elsewhere, we again will return to normal.
Or, is Bend still exceptional?
http://www.youtube.com/watch?v=ZsgOaCZ2Lag&feature=PlayList&p=501086D449184F28&index=4
Banks paying to bulldoze foreclosed homes in southern California developments that were never finished.
"NOW THEREFORE, THE CITY COUNCIL DOES RESOLVE AS FOLLOWS:
Changes from Resolution No. 2709 (FY 2008-09 fees) shown as:
Section 2 of Resolution No. 2709, entitled “Community Development” is amended as reflected in Exhibit A:
The remaining parts of Resolution No. 2709 shall continue in effect and are not affected by this resolution. The charges changed or added with this resolution become effective July 1, 2009.
Adopted by the City Council the th day of May, 2009."
###
The attachment has a few interesting items, like 2.13.05b Approval Extensions being dropped from $780 to $259.
Back to packing. Too much work waiting in Utah to really get into this morass of dumbass.
OK Buster, I just can't help highlighting a couple of other fee changes "purposed":
2.13.02s Solar access permit
old $520.00
$2,001.00 Each
2.13.02t Solar Shade Exemption
old $520.00
$2,077.00 Each
###
Bend is progressive, it's green, it wants green business. Right?
Re: ...since now Bend no longer looks exceptional in the "economy sux" department.
###
Bend MSA is now 365th out of 372 MSA's in unemployment. Not counting contractors who get 1099's instead of W4's.
Top 1%.
I would posit that's "exceptional".
Which is one of the main reasons we are moving back to number 22.
Although I still hate the Mormrons.
OK, one last comment, The Bush Fired Ballad..(sung to the tune of the Beverly Hillbillies):
The Anti-Terror Laws are here to serve us well
To wipeout the insurgencies
To stem the huge groundswell
of public opinion thats bound to overspill
And washout all the parasites up there on Capitol Hill
Well Georgie rang up Tony,Tony rang up John
They came to the conclusion that ole Saddam had bomb
We don’t have any proof of it, but hey who gives a f***
We’ll tell the average sucker that he built it in a truck
Bush promoted Colin to put some spin on it
A man who preferred ‘Colon’,oh man that kinda fits
He took it to the world stage to make it all look good
Murdoch gave him prime time slots and the keys to Hollywood
So meanwhile back in Baghdad the party it began
They’re comin to free Iraq with an almighty plan
They call it ‘Shock n Awe’old friend, it’s bound to be a hit
We never thought they’d try so hard to turn our lives to s**t
Well now we got no plumbing or electricity
The USA is here for good, thank Allah that we’re free
BUT those infidels have Iris Scans, they’ve filed their DNA
We might be screwed, but those poor fools are yet to have their day
So the oil is really flowing, the Heroin’s more pure
We all wait on the stockmarket to provide us with a cure
To the ailment that we all possess, so common to our breed
The intoxicating ecstacy of true unbridled greed
So George is gonna hang his hat, he’s done the best he could
Its now up to some wannabe to walk us through the woods
The Bush was workin in God’s name to save our liberties
But all the while ole Freddie Mac gave Fannie a disease
The Emperor’s new clothes were made to do the will of God
So I’m votin for McCain,again,I’m givin him the nod
It’s not because he’s vowed to get this monkey off our back
The things that stand out most for me is Sarah Palin’s rack
The anti-Terror laws are surely here to stay
Just in case our citizens decide to run away
You never know how bad things are until it’s time to pay
The ferrymen have left the boat
The anchor’s cut-away
We’re all prayin’for good karma, now we got Barack Obama
We’ll smoke his hope like dope, he is our brand new Dalai Lama
The change we needed now so we can all go back to sleep
Wakin’up in four years time in crap thats twice as deep
Yeah, wakin’up in four years time with shackles on our feet
So lets talk straight, its from our sweat that keeps these fleas in feed
Our lives of debt persuing what we’re told to think we need
Lets ditch these wanks, form our own banks, tell Ayn Rand where to go
And if Atlas shrugs, we’ll pull the plug that made the bastard grow.
Yeah, till paint starts peeling from them boats we’ve seen in Monaco.
###
Yep, moving back to a place that voted for Bush. Fucking amazing. But at least it can fill its potholes and afford police and firemen.
I'm fucked with that dichotomy as well.
BTW, saw a couple of Bend police hassling a vagrant at a 3rd St. bus stop today. He wasn't even begging. The word must have been handed out.
>>BTW, saw a couple of Bend police hassling a vagrant at a 3rd St. bus stop today. He wasn't even begging. The word must have been handed out.
That sucks. They ought to be hassling them downtown to move them TO 3rd.
Which is one of the main reasons we are moving back to number 22.
Although I still hate the Mormrons.***
Pussy, I thought it was all that permissive, underage sex that was drawing you to Mormonville.
And dude, you are one strange bird. Nobody else I know who is moving someplace looks at MSA crap, especially MSA unemployment numbers, when they have no intention of getting a job.
Does anybody else think is kinda wierd that Pussy is so focused on which cities have lower unemployment numbers, but will live off of his sisters free rent in her abandoned house, and also live off of his man-wife's part time job income?
Who cares where there are no jobs when you are the freeloading Pussy? Live is good for the Pussy.
Obviously Bruce's wife is the one who decided to move. "We're going somewhere you can find a job."
Re: Does anybody else think is kinda wierd that Pussy is so focused on which cities have lower unemployment numbers, but will live off of his sisters free rent in her abandoned house, and also live off of his man-wife's part time job income?
###
Yep, rent free. Or at least only $500 a month because the house has been in the family since '89. And didn't get refinanced in the recent bubble.
You know what, dumbass? When people have jobs, they can afford policemen and firemen and pothole filling and all the other nice things for a decent living environment.
You should get out and check such places out sometime.
Re: Obviously Bruce's wife is the one who decided to move. "We're going somewhere you can find a job."
###
Ah, the old guy who has been mostly self-employed for decades needs a job question.
Of course, my multiple W4's this tax season show that is a false dichotomy as well.
I went out and told Paul at Widgi I was moving, in person, the other day because he wanted me in for this weekend. He said that 25 people had already applied for non-existent jobs, as everyone but me was coming back. He had a trained crew, which meant it was going to be an easy spring.
But believe what you want.
Whatever.
BTW, Widgi is looking good. The new greens are almost ready to go. Of course, waking up to the (snowing) 299th day of "sunshine" today in Bend doesn't do much for them.
Bend: a morass of dumbass with 300 days of snow a year.
So smart they are tripling solar install fees so they can go green.
Get out of town and look around, folks.
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