The perfect storm - downtown Portland

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All Democrat manufactured. The COVID pandemic and Antifa. The Democrats own both of these. From Portland station KGW-8

Why insurance company employees and other businesses are moving out of downtown Portland for now
In the wake of the COVID-19 pandemic, many companies and nonprofits are planning for the future around office space they're not using and may never use again.

The Standard Insurance Center at 900 SW 5th Avenue is part of downtown Portland's cityscape and until this spring, was home base for most of Standard's 2,100 Oregon employees. Nearly all of those employees are working from home now because of COVID-19.

Recently, Standard confirms, the company relocated a "small segment" of remaining employees requiring office space downtown, to Standard's Hillsboro campus.

The devil is in the details

Speltz told KGW the reasons for the changes are COVID-19 and "current disruptions and unsafe conditions in the neighborhood."

"Our downtown properties have sustained significant vandalism and a number of employees and contractors have been assaulted in recent months," Speltz said in an email.

Their own actuaries can read the writing on the wall. Take a hit on the property values and get out because this stupidity is not going to go away anytime soon. Other stores at the site too - not just Standard. Other large businesses are bailing out of Portland. Used to be a really nice city.

1 Comment

I lived nearby for 12 years. La Center.

PDX was boss.

Then the left took over and everyone lost their minds.

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This page contains a single entry by DaveH published on August 19, 2020 2:36 PM.

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