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US Women’s hockey team takes Olympic gold, mortgage rates at lowest point in three years, labor market participation at lowest point ever, former Prince Andrew arrested over Epstein ties, PE firm Blue Owl showing signs of weakness in private markets, OpenAi finalizing $100B fundraise, Red Lobster closing 130 stores.
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PNW Market Look
As of market close 2.19.26
Headline Roundup
PGE, with mediation clock ticking, restarts process on controversial Forest Park project (BizJournals)
Portland is facing a $169 million budget deficit due to shelter and public safety costs (OPB)
Paperwork for State-Funded, $125 Million Shelter Program to Stay Hidden (WW)
Once a Wigwam, Joann joins pickleball parade (DJC)
Late Seattleite Bruce Lee is forever stamped in film history — and soon, on your mail (KUOW)
Salem Entrepreneur Ellen Yin Expands Into Corvallis With New Fashion Venture (SBJ)
Demolition tears into Portland suburb mall to make way for sports center, major renovation (ORLive)
Knight family gives another $75 million to Providence (ORLive)
Portland approves tax breaks for proposed $150 million Alaska Airlines hangar (ORLive)
U.S. women take gold over Canada, as Hilary Knight sets goal record (SeattleTimes)
Seattle’s Benaroya Hall to close for renovations this summer (SeattleTimes)
Oregon Trail Electric to buy Idaho Power’s Oregon service area (LaGrandeObserver)
(OR) Bonamici secures $850k in federal funding for OMSI District infrastructure (BizJournals)
PeaceHealth’s cuts effectively shuttered advance care planning program (CD)
Northwest’s only commercial nuclear power plant back online after repair (SeattleTimes)
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Community Highlight
HDFFA Invests In Ten Central Oregon Farms (MyCentralOregon)
“HDFFA is investing $25,000 in 10 Central Oregon farms this winter through its On-Farm Efficiency Grant (OFEG) program, supporting projects that promote efficient, sustainable practices with lasting environmental and community impact.”
Rip’s Spotlight
Portland water treatment plant costs climb past $2.5 billion, project completion faces 2-year delay (ORLive)
“The costs of Portland’s new water filtration plant – one of the most expensive municipal projects in the city’s history – will rise an additional $450 million, running the total to more than $2.5 billion, water officials said Thursday.
Completion of the Bull Run plant also will be delayed by two years, the officials said, largely because the city had to pause construction while it faced an appeal from neighbors and other critics. The Oregon Land Use Board of Appeals last week issued a decision affirming the project’s permits.
The controversial project has been in the works for eight years, finally breaking ground two years ago. The latest $2.56 billion cost estimate – up from $2.1 billion in April 2024 – is a five-fold increase from the $500 million plan first approved by city elected leaders in 2017.”
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