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NIKE LOOKS TO ADD TO THE CAMPUS WITH NEW WAREHOUSE IN OREGON
Published January 14, 1997
Nike has submitted plans to the City of Hillsboro, OR for a new 800,000-square-foot manufacturing warehouse and office complex that could employ up to 1,740 people. Nike bought the property in late December and one real estate industry source said the property had been on the market for $65,000 per-acre, making it worth $4M (Portland OREGONIAN, 1/13)....Nike ad agency Wieden & Kennedy has withdrawn its application for federal financing to help pay for a move to Portland's "trendy Pearl District." The City of Portland had been working with the ad agency to secure a HUD loan and grant totaling $10.25M, but the federal agency questioned whether the project would meet a requirement to create jobs for low-income people (Portland OREGONIAN, 1/13).