Portland loses Velveteria

After four years in business as a local icon, the velvet painting museum is closing.

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The owners of Velveteria – a velvet painting museum in Portland – are closing their business and moving to Southern California.

While the native Californians have been wanting to move back for a while, the economy has played a large role in their decision to close the museum, which has gained a loyal following among Portlanders.

…”Frankly, the economy here’s so bad,” [co-founder Caren Anderson] says. Not that it’s so great in California, either, she admits, but adds that the sinking value of Southern California real estate has made housing more affordable.

Anderson, a retired psychiatric nurse, admits she’s not a natural when it comes to running a business. They’ve never made any real money from Velveteria, she says, but up until the past year or so they never faced the prospect of going into debt to keep the place open. Two years ago, they moved from their original, cramped space to this new one, but the rent is more than three times as much. That hasn’t helped.

Read the full story at OregonLive.com.

{biztweet}Velveteria Portland closing{/biztweet}

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