News

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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