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Central Oregon business people are looking at the debt ceiling talks, and like many others they are also expressing their frustration. Compass Commercial President and partner Darren Powderly says there is obviously a lot at stake with the possibility of a drop in our credit rating: “The main discussion has been around the cost of borrowing, and what that would mean for small businesses across America.  And what that would mean for small businesses here in Central Oregon which would put further downward pressure on an already beat up segment of the industry.” Powderly says low interest rates have probably been keeping us out of a double dip recession, depending on the loan. Powderly says they are historically low at 3, 4, 5 and percent: about 2% to 3% lower that they were about 5 years ago. 

 

 

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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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