The two sides reaffirmed the terms of the deal in a meeting Tuesday between county commissioners and Bethlehem Inn staff.
The two sides reaffirmed the terms of the deal in a meeting Tuesday between county commissioners and Bethlehem Inn staff.
Announcing a new more aggressive push to save millions of financially strapped American homeowners from foreclosure, Sen Jeff Merkley said Tuesday in Bend that new legislation is needed to replace Obama’s Making Home Affordable program, which has failed to stem the tide of defaults.
Speaking in front of a map that showed foreclosure rates across the state, Merkley said he chose Bend and Central Oregon to kick off his legislative campaign because we sit at the epicenter of the housing bust. However, Merkley portrayed the continuing fallout of the housing bust as a national crisis that must be addressed as part of an overall economic recovery.
This year millions more Americans are expected to lose their homes to foreclosure, according to most industry experts. Those foreclosures come with a cost to homeowners, communities, banks and the overall economy, Merkley said. While there have been several efforts to date including Obama’s Making Home Affordable program, those programs have been ineffective in slowing foreclosures while dragging homeowners through a deeply flawed process controlled by banks and financial institutions that often have no interest in helping homeowners avoid foreclosure. Highlighting just how ineffective the program has been, Merkley said that the Obama plan was estimated to need more than $50 billion in homeowner assistance funding. To date it has provided homeowners with just $1 billion in relief, even as millions of property owners slipped into foreclosure.The upstart 10 Barrel Brewery is poised for a major expansion and has lured two of the area’s top brewers to help it with the effort that would more than quadruple the Bend brewery’s production capacity.
After two years of study, the Bend City Council was expected to make what is essentially a final decision on the future of the city’s domestic water supply. Facing a looming deadline to meet new federal drinking water requirements, councilors were expected to approve a proposed $73 million upgrade to its Bridge Creek water system. The aging system currently delivers more than half of the city’s drinking and domestic water, but is in need of significant repairs.