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Portland city council approves Lloyd center redevelopment, Costco sued over metal in protein powder, simultaneously announces sales increase of 10%, US ceasefire with Iran officially over, wood product company Nordic Veneer closes after 72 years in business, Spokane Hoopfest brought in nearly $50m in economic impact.

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PNW Market Look

As of market close 7.8.26

Lattice Semiconductor (LSCC) Stock Trades Up, Here Is Why (YF)

Costco Wholesale Corporation Reports June Sales Results and Announces Quarterly Cash Dividend (Costco)

Headline Roundup

Bend-area irrigation district shuts off water deliveries amid historic drought (BB)
Prineville family suing Knife River for water contamination (BB)
Bezos’ Blue Origin valued at $130 billion in first outside fundraising round (CNBC)
Oregon eyes $421 million in Medicaid cuts, including fewer benefits and limits on treatments (OPB)
Spokane Valley gets $21 million for road interchange project (KXLY)
Nordic Veneer closes mill in Roseburg after more than 72 years (OPB)
City Council Approves Redevelopment of Lloyd Center (WW)
UW completes $41M refresh of historic Anderson Hall (DJC)
Tacoma hotel trades for over $14M (DJC)
Washington state has too much pot as recreational cannabis sales decline (KUOW)
Commerce Closes $2 Million Loan for Native American Development Corporation Health Center (MTC)
Oregon forestry agency agrees to $235k settlement with fired HR director (ORL)
Costco faces lawsuit over Orgain protein powder with toxic metals (ST)
Idaho US Rep. Simpson supports overhaul of H-2A migrant farmworker program (IDC)
Bend software startup lands investment (PBJ)
Bozeman brewery Mountains Walking moves production to Idaho (BDC)
U.S. military launches second night of strikes against Iran (Ground)
Deal reached for $57M Superfund cleanup at Columbia Falls Aluminum Co. site (Missoulian)
Spokane Hoopfest draws $47M in economic impact (SPJ)
Safeway-anchored Bellevue shopping center sells for $61 million (PBJ)
Another AI data center builder to open office in Bellevue (PBJ)

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Community Highlight

Deschutes County cuts its 2027 budget (BB)

Despite increased inflation and an uncertain economy, Deschutes County managed to cut about $2.5 million from its budget for the 2027 fiscal year.

Forecasts showed the county could face a shortfall, but cuts have forestalled it, wrote county administrator Nick LeLack in the budget introduction.

The county’s budget is over $705 million for the 2027 fiscal year, which started July 1.

The Deschutes County Sheriff’s Office saved $1 million in expenses for the upcoming fiscal year’s budget, according to the sheriff’s office. Its budget shows a drop in materials and services costs. Paying invoices within 10 days of receiving them includes discounts from vendors, which saved funding, according to DSCO spokesperson Jason Carr.

The health services department cut more than 10 vacant positions the previous year and will cut more positions in 2027.

Rip’s Spotlight

Eugene Airport launches $450M expansion project to address overcrowding (OPB)

Airport Director Cathryn Stephens said they already see the demand for the extra flights that the new gates will fill.

“Basically, once we build them, they will be full already, just automatically. It’s that number of people,” Stephens said.

Construction on the first phase, which includes an expansion of Concourse A, began recently. The hope is that the expansion will help alleviate congestion and overcrowding by opening up the space and adding more seating.

The second phase will add eight new gates to the airport by expanding Concourse C.