Legislature may consider carbon tax, Evergreen Space Museum has a brighter future.
— Two Democratic senators hope to pass a bill next year to tax carbon emissions. The bill was sidelined last session, but Sen. Chris Edwards and Sen. Lee Beyer say they intend to bring it back. The Bend Bulletin reports the legislation would tax pollution above a set cap, with revenues invested in climate change adaptations. The bill could raise $1.5 billion annually.
— The Evergreen Aviation & Space Museum may not be doomed to close. A buyer from Utah has surfaced with the intent to purchase the space museum and save it from foreclosure. The Oregonian reports the deal is for $10.9 million. The sale would not include the aviation museum, which sold last year as part of bankruptcy proceedings.
— Oregon has some of the most expensive child care in the U.S. Workers and the SEIU Local 503 held a meeting to discuss this issue with Gov. Kate Brown. Although no solution was proposed as a result of the meeting, the Governor acknowledged something needs to be done. The Statesman Journal has more.
This is something one of Oregon Business’ own has dealt with. Research Editor Kim Moore wrote about her struggle to find affordable childcare after the birth of her son in November.
— Days after the Commonwealth Building in Portland sold for $69 million, the Pioneer Tower was sold for $122 million. The 17-story building was purchased by JLL Income Property Trust, which called the opportunities “compelling” in a press release. The Portland Business Journal has more.
— ICYMI, Portland’s airport was ranked No. 1 for the fourth year running. To honor PDX, I put together a list of 5 reasons why PDX is still the best.
— Wall Street has quickly recovered from Brexit. The vote to leave the European Union sparked a chain reaction in the stock market, with drops at more than 10%. Today’s jobs report showed the largest jobs gain in the last eight months, adding 287,000 jobs in June. Only 175,000 were expected by economists. Reuters has more.
— President Barack Obama has given the go-ahead to eight airlines looking to fly to Cuba. Northwest favorite Alaska Airlines is one of the eight that could offer nonstop flights to Havana as early as the fall. A final decision by the Transportation Department is expected later this summer. Read more from the Portland Business Journal.