Is ORC disposing of equipment?
A stock pile of machinery believed to belong to ORC and its subcontractors located just north of the Mill Casino is reported to be up for auction.
Read MoreTag: ORC
Oregon gives away $865 million annually to companies like ORC
The NY Times reports that city councils and county commissions that are “short on tools to fact-check what companies tell them” are nevertheless cutting deals with multinational corporations in a desperate bid to...
Read MoreBOC adopt resolution to accept ORC surface use lease VIDEO
Two commissioners voted to adopt the lease discussed in a hearing last week despite news that the company is halting operations. Cam Parry and Fred Messerle outvoted Bob Main who called for the lease to put on hold until the...
Read MoreDoes ORC still meet enterprize zone tax exemption conditions
Now that the company has laid off all but 15 of its 91 employees, does it still qualify for the tax incentive?
Read MoreORC halts operations, lays off 45
Less than a week after securing a surface use lease from Coos County ORC lays off 45 workers. From the IDM website
Read MoreBoard approves surface use lease with ORC
the board approved, two to one, a surface lease agreement with the ailing strip miners, ORC. Parry argued that allowing ORC to assign its lease rights put the county in a stronger position despite a legal argument presented by attorneys representing ORCA (Oregon Coast Alliance) and other citizen comments asking the clause be stricken from the contract.
Read MoreGoverning or economic development
The same leaders who promoted a disastrous $51 million pipeline promising 2,900 new jobs now want the county to bailout ORC (Oregon Resources) from its own failure to correctly judge the global market. The same leaders who pushed for $50 million airport expansion that now forces most of us to drive to Eugene or Portland to catch a reliable flight, want the county to sign a lease with a company that conventional institutional lenders and investors will not touch.
Read MoreProposed lease caves in to ORC requests
One of the major sticking points in the past is that ORC wants to be able to assign or transfer the lease to unnamed entities which this new lease allows*. Of course the company accepts the new lease, it is practically a gift.
Read MoreBOC field trip to Coos Bay, Barton email invites pro ORC crowd
chairman of the board, Fred Messerle, has moved the meeting to Coos Bay, at much expense, in order to make giving testimony in support of an Australian company essentially asking for another bailout from county taxpayers.
Read MoreORC says reserves not enough to satisfy investors
I don’t really know if we can convert the customers that we need to to keep us going, if we can go any further at this rate and I don’t know if this funding will preserve those jobs.
Read MoreGriffith is wrong about ORC
John Griffith’s letter has all the hallmarks of a disgruntled employee striking back on his former employers and especially striking back at the man the people hired to do the job he failed to do for the County.
Read MoreCanadian Jordan Cove Energy contributes $3K to PAC
the empirical evidence indicates these companies and others like them are more predator than savior and the only enrichment will be to the same “tiny band” of local regulatory critics who have always prospered while everyone else suffers.
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