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S&P erases $3T in worst stock market day since Covid Pandemic, $52B climate lawsuit set to move forward in Multnomah County, Friends of Maverick Mountain commit $250k matching gift to rebuild ski area, Washington uphold ‘millionaire’ tax, Seattle to spend $6M on public toilets, Montana dinosaur skeleton gets $47M at auction.

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PNW Market Look

As of market close 11.5.26

Magnificent 7 loses $1 trillion. The most eye-popping stats from Thursday’s tech stock plunge (CNBC)

Stock futures fall after Nasdaq slips into correction; traders await big payrolls report (CNBC)

Headline Roundup

Multnomah County’s billion-dollar climate accountability lawsuit a step closer to trial (OPB)
Aegis sells two senior communities for over $130M (DJC)
Louisiana shipyard wins $350M contract for Alaska ferry replacement (DJC)
Seattle Mayor, Council finalizing plan to spend $6.5 million on public toilets (KOMO)
JE Dunn gives veterans groups boost with grants (DJC)
University of Idaho launches new construction management degree (IBR)
‘Not the right project for us’: Developers back out of deal involving historic McCall homestead with helipad (LV)
WA ‘millionaires tax’ is upheld as Initiative 645 fails (ST)
Washington voters embracing income tax on high earners (WSS)
La Grande council to appoint temporary city manager (LGO)
Retail roundup: Vancouver gets a Portland arcade bar, downtown Portland foot traffic bounces back (PBJ)
Rare Montana-found dino fossil takes $47.3 million at auction (BDC)
SeaPort Airlines launches seasonal service to Olympia (SBJ)
Kirkland radar company Echodyne to be acquired for $5.3 billion (PBJ)

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Community Highlight

Federal judge allows Detroit Lake drawdown to move forward, Marion County to file appeal (OPB)

“Local governments in Marion County said the drawdown, set for later this month, would damage water systems and kill fish.

The Army Corps is lowering the reservoir to help threatened Chinook salmon move more easily downstream, which is required by a separate court order. Marion county and the cities of Salem and Stayton filed a federal lawsuit in July to prevent the drawdown.

In his written order, U.S. District Court Judge Mustafa Kasubhai said plaintiffs failed to prove that the drawdown was likely to cause irreparable damage. He said the local governments failed to provide enough evidence that harm would occur, saying there are significant differences between the Detroit Lake drawdown and previous drainage efforts at neighboring reservoirs.

Within hours, Marion County officials announced they would appeal the decision, asking for an emergency consideration from the 9th Circuit Court of Appeals.

“This new policy will devastate canyon communities, endanger drinking water for over 230,000 people living downstream, and even jeopardize the very fish it claims to be trying to save,” the county’s press release stated.

The local concern stems from a previous drawdown at Green Peter Lake in 2023. In that case, the Army Corps lowered the lake at a rapid rate, turning up large amounts of sediment. The muddied water then disrupted water treatment plants in Lebanon and Sweet Home. The sudden drawdown also killed thousands of kokanee salmon, due to the sudden change in water depth.

The kokanee is a non-native species introduced into Detroit, Green Peter and other reservoirs in part to compensate sport fishermen for the decline in native salmon populations after the construction of dams throughout the Willamette River system.

Army Corps officials have said they plan to take a much more gradual approach in Detroit, incrementally lowering the reservoir over multiple years, reducing the amount of churned-up sediment.”

Rip’s Spotlight

Friends of Maverick Mountain receive $250K matching donation for ski area's rebuild efforts (MTS)

“Jason Schumacher of the Dillon Jaycees, a member of the Friends of Maverick Mountain advisory board, said his team is amazed and thankful for all the support given in the past two months.

“We have raised $385,000 from over 500 people and companies so far,” said Schumacher. “This significant matching gift is a great way to double your donation and get us closer to getting all the kids back on the mountain.”

Since 1946, Maverick Mountain Ski Area has operated as a community ski area near Polaris, making it one of the oldest in the state.

The Dillon Jaycees launched Friends of Maverick Mountain in August. The goal is to raise $1.5 million to reestablish the organization’s Little Skiers program at Maverick Mountain.

“The Jaycees have run the Little Skiers program at Maverick since 1955,” said Schumacher. “Together with rural school and home school programs, it serves about 250 southwest Montana children each year who now have no mountain to ski.”

Every dollar given to the campaign to rebuild will be doubled, up to $250,000, until the match is met.

This past summer, the Sand Creek fire burned more than 35,000 acres and destroyed Maverick Mountain’s only chairlift, along with a ski patrol shack and communications infrastructure.”