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Portland passes $8.5B budget, Bellevue passes $200M footbridge, Trump Administration is investing $2 billion in quantum computing, mortgage rates tick higher, 5,000 troops heading to Poland. RIP is off for Memorial day - see you back on Tuesday.
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PNW Market Look
As of market close 5.21.26
Headline Roundup
Exclusive: Starbucks scraps AI inventory tool across North America (Reuters)
Upgraded Myrtle Edwards, Centennial parks to reopen June 4 (DJC)
Bellevue greenlights funding for $200M pedestrian, bike bridge over I-405 (MNW)
Portland City Council passes $8.5 billion budget after three days of amendments (KPTV)
146 workers laid off as Oregon alcohol distributor finalizes sale (Koin)
Trump, facing GOP blowback, sends 5,000 troops to Poland (TH)
Water, energy, land use: Missoula data center proposal prompts questions (MTFP)
Gov. Kotek pledges $94M to house older Oregonians (ORL)
Senate GOP delays vote on reconciliation bill amid opposition to DOJ fund, White House ballroom (Ground)
Washington’s largest utility moves to add more wind power (WSS)
(WA) Details about SpaceX's activities in Redmond emerge in IPO filing (PBJ)
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Community Highlight
U.S. Senate confirms Gootkin as U.S. Marshal for Montana (DM)
“U.S. President Donald Trump’s pick to lead the U.S. Marshal’s Service in Montana, Brian Gootkin, was confirmed by the United States Senate on Monday by a 46 to 43 vote, along with several dozen other nominees.
Gootkin is the former Director of the Montana Department of Corrections, appointed by Gov. Greg Gianforte, a Republican. Prior to joining the Gianforte administration, Gootkin served as the Gallatin County Sheriff.
During his tenure at the Montana Department of Corrections, Gootkin has led several projects including an expansion and the remodeling of the current largest men’s prison in Deer Lodge. He also saw that same facility through a substantial breakdown in the prison’s plumbing in 2025 in which Gianforte ordered the state’s National Guard to help deliver water to prisoners. Moreover, during that same period, Montana has increased its reliance on private prison contractor Core Civic to house prisoners that the state didn’t have capacity to handle. Hundreds of Montana prisoners have been transferred to facilities in Arizona and Mississippi.”
Rip’s Spotlight
Four Mountain West states join forces to accelerate geothermal energy development (IDC)
“Geothermal projects have the “bipartisan support of an energy source that we haven’t had in a long time,” Cox said during a news conference.
Geothermal is a type of renewable energy that converts heat from under the surface of the earth into electricity. In Utah, multiple projects and technologies are being deployed, including Fervo’s enhanced geothermal system, which is on track to generate about 100 megawatts of operating capacity by early 2027 in Beaver County, according to Cox.”
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