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Good Morning and welcome back from the long weekend,

Idaho data center expected to use nearly 2M gallons of water on peak days, Willamette University to offer free tuition to families making less than $80k, tens of thousands of automotive manufacturing jobs to be cut globally, Trump continues trade war escalation with Canada, copper hits all time high, Nike removed from S&P 100, Microsoft CEO sells $43M of shares.

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PNW Market Look

As of market close 9.4.26

Manager of Norway’s $2tn oil fund proposes slashing US Treasury holdings (FT)

Trump says Bombardier can’t sell in U.S. unless Canada aerospace giant builds there (CNBC)

Headline Roundup

EverBank to Combine With WaFd to Create $75 Billion Bank (WSJ)
WaFd agrees to $3.9 billion merger deal with Florida-based EverBank (PBJ)
Amazon cargo plane crashes at Miami airport (KUOW)
Nike Exits the S&P 100 Index (YF)
Satya Nadella Just Sold $43 Million of Microsoft Stock (YF)
Clean buildings projects get $30M energy boost (DJC)
Pacific Northwest faces another bad snow year thanks to ‘super El Niño’ (OPB)
(WA) Safeway pays $4M for gas station (DJC)
(WA) Steel plant sells for over $5M (DJC)
Trump administration backs Micron in Central NY environmental dispute (IBR)
(MT) Data center opponents seek interim zoning as Yellowstone County official cites roadblock from new state law (MTFP)
A Meta data center opened in Kuna (BD)
Willamette Falls is undergoing a generational facelift. These 4 projects are leading the way (ORL)
This Oregon university will grant families earning $80,000 or less free tuition (ORL)
Developers eye Native nations, tribal communities for new data center projects (IDC)
Vancouver outpaces Portland metro in new apartment construction (PBJ)
Developers stumble over Bellingham’s land use code. City planners are simplifying it (CD)
EvergreenHealth buys Kirkland medical office building for $70 million (PBJ)

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Community Highlight

Oregon Community Foundation puts $1 million toward new arts and culture projects (OPB)

“The Oregon Community Foundation is backing arts and culture projects throughout the state with a new round of grants that amount to more than $1 million.

The funds support 12 different projects, including films, art exhibits and more. The grants, which range from $10,000 to $100,000, will support projects that “celebrate bold creativity, elevate cultural voices and explore community issues across Oregon,” the foundation said in a news release.

“This year’s projects reflect themes that resonate across Oregon and challenge us to bridge our differences,” Jerry Tischleder, the senior arts and culture program officer for the Oregon Community Foundation, said in a news release.”

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Rip’s Spotlight

WA looks to boost salvage logging as wildfires scorch record amount of state land (WSS)

“Before the resolution, the department could appraise and sell burnt timber, in what’s called salvage harvests, without board approval if it was worth less than $250,000. After this week’s board vote, that threshold is $2 million.

The move better positions the department in the niche market of burned and rotting wood. It can be used as an industrial wood fuel, for landscaping, or to produce certain types of cabinets or house siding and roofing.
Two-thirds of that state land was forests, meaning a hit to revenue from timber sales. Money from logging on Washington’s public land helps pay for schools and other parts of state and local government.

Officials are now racing to sell the charred timber before it molds or becomes even less valuable. The state’s Board of Natural Resources this week voted to allow the Department of Natural Resources to sell more burned forestland without board approval.
Of the roughly 60,000 acres of fire-scarred state forest, “I doubt we would even be able to approach 10% of that,” said Kearney, noting that the department’s estimate is around 4,000 acres. “We very likely don’t have the capacity or time to try to do that much.”