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Local News


The CEO of the Bank of the Cascades says they are starting to see some bright spots in the local economy, especially with restaurants and retail businesses. CEO Patti Moss was the keynote speaker at a Bend Rotary Club luncheon Wednesday.  Moss talked about the recent dark days of the recession. She says no one could have predicted the magnitude of the real estate bubble: "The challenges that the bank faced were a result of a very, very depressed real estate market.” She explains E-Risk managers at the Bank had planned for a worst case scenario of property values dropping 35%; but in some cases they saw values drop as much as 90%.” Going forward; it’s a much brighter picture for the Bank. A recent capital raise of $177 million will make the Bank of the Cascades one of the strongest community banks in the country. Moss says: “The highlight for me was - that was a highlight!"

 

Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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