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After storybook boom, Bend, Oregon faces a tough chapter
May 18, 2009 /
Once upon a time not so long ago, developers seeking magic money poured $4 million into a "Lord of the Rings" subdivision here complete with hobbit holes and thatch-roof houses.
This month Umpqua Bank, which foreclosed on The Shire, unloaded the moribund development for just $750,000.
by Richard Read, The Oregonian
Full Story: http://www.oregonlive.com/business/index.ssf/2009/05/after_storybook_boom_bend_face.html
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Posted in: Oregon Business
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