In the Times this morning Peter S. Goodman tells a tale of woe about Portland: A Downturn Wraps a City in Hesitance.
He starts with a look at Powell’s bookstore. Michael Powell recently postponed his $5 million expansion plans. Then considers the real estate situation, which isn’t doing well anywhere. Portland’s deepwater port activity has dropped off significantly, as has manufacturing, and retail. Go read the entire thing, if you’re a masochist.