[Dan Kelly]

Read the article. Make sure to watch the video. Discuss. Thank you.

Of corporate jets, golf, and Coos County, Oregon

[tlavin]

Thanks for the post.  It is a very interesting article and video.  In my judgment, classic Mike Keiser, straightforward, honest and visionary.  The Times tries to paint it as a big guy vs. little guy with the comparison to the failing timber-land owner, but this is a drama that is playing out all across America as industries of various types are supplanted by service industries.  The bottom line is undeniable; if the subsidy laws were changed it wouldn't change business at Bandon one bit.

[JESII]

Dan,



Would you agree that the article and the video are redundant?

Anyway...hate to see what happens when the demise of the local industry decimates an area. It's no good for anyone.

I'm having a hard time connecting the plight of the two men as easily as the NYT does...can you help an ignorant young man?

[Buck Wolter]

Just watched the video -- what a joke. How can they single out Bandon for this alleged subsidy of Corporate Jets? This is such typical crap from this paper. Then because people are coming they expand the airport so that subsidizes Bandon as well -- isn't that called economic development?

The only thing I'd take issue with is grabbing that guys land to build a dam for the 5th course, I'd hope Keiser would come up with the cash for a fair deal, the ironic thing is if they Kelo this guy it would be because the NYT's buddies on the Supreme Court giving away our property rights.


Buck

[Mike Sweeney]

Let's see a very very well placed article and video interview on the NY Times business section on the Friday of the US Open. Airport funded with $31 m from tax breaks and the Oregon lottery. Property taxes waived, potential flooding and change of life for the local timber farmer.

Dick Daley your farm boy from the Midwest knows how to work the system better than our boy Donnie Trump. !

I fully support Mike K's efforts and hope it funds the resort that Ben and Ran are building in Canada, as it will be easier to get to than Bandon. I only hope I get there before it "jumps the shark".

[tlavin]

Just watched the video -- what a joke. How can they single out Bandon for this alleged subsidy of Corporate Jets? This is such typical crap from this paper. Then because people are coming they expand the airport so that subsidizes Bandon as well -- isn't that called economic development?

The only thing I'd take issue with is grabbing that guys land to build a dam for the 5th course, I'd hope Keiser would come up with the cash for a fair deal, the ironic thing is if they Kelo this guy it would be because the NYT's buddies on the Supreme Court giving away our property rights.


Buck

Buck,

I would agree that the video in particular is liberal populist psychobabble.  The pathetic one-armed logger is no match for the well-heeled Mike Keiser who still manages to come across as ethical despite the spin.  The effect on the Bandon economy is all for the good and the subsidy issue is not nearly the problem that the piece would suggest it is, unless one wants to talk about all of the stupid subsidies that we have for multimillionaires (the farm industry for one).  But let's be real, the NYT doesn't have enough buddies on the Supreme Court to have any influence on anything.  The idiot from Texas took care of that.

[Tiger_Bernhardt]

That is an interesting article from a New York point of view. I have been to BD 5 times now and never for a moment felt that on an average day 14 groups arriving by private jet were on the property. The means that more likely it is 30 a day during the summer or 120 of the golfers. It really does not feel that way there. I have been places like that and normally you can tell pretty quick. I do know several groups from down here that have gone that way out of no other way to get there as oppossed to that is their normal means of travel. It is an interesting article.

[Rich Goodale]

Hmmmm...

"Golf as it used to be."

"7500 corporate jet landings/year"

Anybody else sense a disconnect?

[Jeff_Brauer]

Hmmmm...

"Golf as it used to be."

"7500 corporate jet landings/year"

Anybody else sense a disconnect?

Not really. In the old days, wealthy Brits arrived at Gleneagles in private rail cars........and in the US or Canada there were several similar examples.

Of course, the railways were private enterprizes, but as a major transportation form, subidized to a degree by the govt - as in the western land grants in the US - just like air travel is subsidized now in the form of the Feds building and maintaining airports and air traffic control under the heading of interstate commerce.

It seems to me that Mike K isn't responsible for corporate perks that existed well before he built Bandon.  Of course, whether building new NFL stadiums, as my hometown is doing or airport runway expansions in Bandon, there will always be debate as to how much value there is in public spending to juice the economy, but it does keep happening, so I presume it works in general.

As to the $48K to produce a $36K a year job - when politicians are pushing their own favorite projects, they talk about how a dollar brought into the economy circulates 16 times.  When they are trying to stall someone else's project, then its 100% wasteful pork barrel spending!  I think the truth is somewhere in between, and that $48K per job probably returns Bandon something more than actual wages.

[Mark Bourgeois]

The pathetic one-armed logger

Terry, I saw this role as postmodern homage, a gender-bending hybrid of the log lady and the one-armed man.  Or did I read it wrong?

Rich, we'll wire you when repatriation to the country is safe.  Meanwhile, how are the schools over there?

[Jerry Kluger]

There were so many different things to point out regarding what is going on at Bandon but the writer decided to make it a case of class warfare - what a shame.  The fact that the resort is now attracting a very affluent clientle does not make its economic impact less significant.  If it turns out to be another Kohler and the local economy flourishes then that's okay for the residents.  The more intersting issue is whether it is good for golf - is another upscale golf resort going to grow the game?

[tlavin]

The entire piece begs the question, "What would Bandon look like if Mike Keiser had never developed the resort?"  We all know the answer.  It would be depressed, underdeveloped and the one-armed logger would be in the same economic condition or worse.  Keiser saved the area economically and the fact that businessmen are using tax loopholes and subsidies and the like to spend money in Coos County is a red herring if I've ever seen one.

You want to talk about subsidies that should be sideways?  Let's talk the farm subsidies and ADM's subsidies for ethanol.  Better yet, let's talk GOLF!

[Jeff_Brauer]

Jerry,

I believe great golf courses have always grown the game.

And, I believe that the super rich make up only a small portion of the clientele.  If they come as a twosome, they might get paired with one of their employees!

The point is, BD is a great public facility, with three top courses that anyone willing to spend the fees can play.  With prior air fare shopping, even the middle class can afford this once every few years if that's how they choose to spend their discretionary dollars.  If the wealthy can come every month, I don't see that as anything other than simple economics.

As to the local people - if the timber has played out, its a great economic redevelopment tool. Up in the Iron Range, there is some concerns about our courses - when the Range was producing great wealth before the mines played out, people made more money in the mines than they now make working on the golf courses.  But, they are mostly played out and the govt. leaders had to reinvent the economy the best way they could, which was tourism.  Golf plays a part there - and in Bandon.

[Brent Hutto]

Hmmmm...

"Golf as it used to be."

"7500 corporate jet landings/year"

Anybody else sense a disconnect?

No disconnect. Golf used to be played by rich guys with their bags toted by caddies. Go to Bandon any day and you'll see rich guys playing with their bags toted by caddies. The only difference is that now even us far-from-rich guys make enough to join them for a couple rounds a year. We just have to save up for a few months and fly coach to get there.

[Tom_Doak]

I was in Bandon this week, and there was a rumor going around that the airport expansion was paving the way for Southwest Airlines to bring in service direct from Southern California.  If true, that would put a different spin on the rich-guy story.

[Pete_Pittock]

How are congressmen going to run their little golf junkets to Bandon without corporate jets?

I was at a fundraiser -corporate jet to the Sheep Ranch for eight people, one day only, with $500 to dinner at the resort.
Flight from Portland. $11,000.

[Jeff_Brauer]

I was in Bandon this week, and there was a rumor going around that the airport expansion was paving the way for Southwest Airlines to bring in service direct from Southern California.  If true, that would put a different spin on the rich-guy story.

That actually makes a lot more sense than what the NYT said.  Most small towns kill for air service - again, its like having the railroad come to town in the 1800's.  Besides SW, other airlines could run once or twice a week from DFW or elsewhere, like they do in ski season in CO.  

Even 14 private flights a day doesn't require airport expansion. I'll bet North Platte gets that many trips going to Sand Hills every day, and they don't expand the airport for that.

[Dan Moore]

I think it was extremely unfair to point the finger at Bandon and Mike Keiser for a national tax loophole relating to corporate jets.  I'm sure this was a major factor in his decision relating to his investment in this highly risky venture, not!

[Mike_Cirba]

Terry, I saw this role as postmodern homage, a gender-bending hybrid of the log lady and the one-armed man.  Or did I read it wrong?

Mark,

The owls are not what they seem.

[Dan Kelly]

I just now got a phone call from a friend of mine who doesn't play golf, but who does read the Business pages of the New York Times. He'd never heard of Bandon Dunes.

How many guys who barely play golf (if you can call it that), but religiously read the Business pages of the New York Times, have told the company travel staff to check this out and maybe get something arranged.

And fire up the jets, while you're at it!

Publicize it, and they will come.

[Rich Goodale]

Hmmmm...

"Golf as it used to be."

"7500 corporate jet landings/year"

Anybody else sense a disconnect?

Not really. In the old days, wealthy Brits arrived at Gleneagles in private rail cars........and in the US or Canada there were several similar examples.

Of course, the railways were private enterprizes, but as a major transportation form, subidized to a degree by the govt - as in the western land grants in the US - just like air travel is subsidized now in the form of the Feds building and maintaining airports and air traffic control under the heading of interstate commerce.

It seems to me that Mike K isn't responsible for corporate perks that existed well before he built Bandon.  Of course, whether building new NFL stadiums, as my hometown is doing or airport runway expansions in Bandon, there will always be debate as to how much value there is in public spending to juice the economy, but it does keep happening, so I presume it works in general.

As to the $48K to produce a $36K a year job - when politicians are pushing their own favorite projects, they talk about how a dollar brought into the economy circulates 16 times.  When they are trying to stall someone else's project, then its 100% wasteful pork barrel spending!  I think the truth is somewhere in between, and that $48K per job probably returns Bandon something more than actual wages.

Shame on you, Jeff.  You were around here when Bandon was being hyped as golf for the unwashed masses.  Of course, maybe the masses fly their G5's these days, as well as wash.....

Mark B.  That would be a good movie--"Twin Peaks Fugitives" starring Bill and Hilary Clinton.

[Mike Nuzzo]

I can't wait to select Hobby - Bandon Dunes on the Southwest website!!

[Kalen Braley]

This article seems like more of the same.  Shareholders and taxpayers have been paying for these corporate junkets for decades now.

[Steve Lapper]

I was in Bandon this week, and there was a rumor going around that the airport expansion was paving the way for Southwest Airlines to bring in service direct from Southern California.  If true, that would put a different spin on the rich-guy story.

Tom, et.al.:

 There was also talk about Alaska Air and/or another small regional operating a 20+ seat "puddle jumper" from Portland. Several private air sources mentioned that with the fog inherent to that strip, it needs to be longer & wider for both larger private and public jet aircraft.

  Net, net, improving access for all might well be both the goal and the result.

[Jeff_Brauer]

So the NYT is AGAINST the govt spending money on the health, safety and welfare of its citizens by preventing needless airplane accidents?  A scandal in the making!

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