Generous OR Legislature State Aids Poor Ol’ Hyatt Resorts & Hotels

SALEM — In a last-minute flurry of money bills, Oregon lawmakers approved more than $1 billion for construction projects, salary increases and university tuition reductions Monday before shutting down the 2013 Legislature.

Legislation approved on the final day included money for — among dozens of other projects — a new or refurbished Multnomah County Courthouse, sidewalks in east Portland, a convention center hotel in Portland, a ton of construction on college campuses and even a raise for the governor.

Henry Esteve, The Oregonian

Lane Solutions Responds:

Now Hyatt Corp., owner of 492 luxury hotels, spas and resorts from Scottsdale to Dubai to Honolulu and back can breathe easy – because the ever generous Oregon Legislature has agreed to toss them $10 million to help build hotel #493 (and a Grand Hyatt at that!)  at the Oregon Convention Center in Portland.

Tina Kotek, House Speaker and Patron Saint of Largesse, assures us that this $10 million, as well as the rest of her $1 billion of giveaways means “(There) are going to be immediate jobs around the state.”

OK, now we get it: If Tina hadn’t tossed this cool billion after Hyatt, etc. it would have just been buried in some rich guys’ back yards. Right? None of it would have been invested in starting or expanding businesses and creating jobs. Not one cent.

Here Ms. Kotek reveals the basic belief of a statist: That the government is a more efficient allocator of resources than are private citizens and markets. Hey, it’s the thinking that turned Cuba, Venezuela, Romania, etc. into economic powerhouses! Can it do the same for Oregon?

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