Wenatchee World: Today's Real Estate Articles 4/16/08

NCW not seeing big slowdowns
Experts say local economic buffers will keep recession at bay
By Christine Pratt
World staff writer
Posted April 15, 2008

"WENATCHEE - Who says a recession is going on?

An influx of newcomers and vigorous local employment are keeping North Central Washington's economy strong, despite the impending doom reported nationwide.It may cool a bit, local experts say, but it's not likely to crash. "Wenatchee has, for the most part, avoided the booms and busts, and that's probably the situation we'll be in this time, also," said Ken Martin, president of Cashmere Valley Bank, recently.Wenatchee's position as the region's retail and medical hub helps smooth out the peaks and valleys of the economic cycle, Martin said."

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http://wenatcheeworld.com/apps/pbcs.dll/article?AID=/20080415/NEWS04/552972449/1002

NCW shines as U.S. declines
Posted April 15, 2008
Economic growth

"Nationwide: The economy is shriveling. Recession is looming. Gross Domestic Product grew by a feeble 0.6 percent from October to December 2007. Analysts expect equally anemic growth from January to March of this year. Figures will be released later this month.North Central Washington: Agriculture, the motor of the NCW economy, is running strong. Wheat prices are at historic highs. Tree fruit prices are strong. This year's cherry and apple crops could set records for volume. Fruit exports are holding steady at about 30 percent of the region's harvest and could be helped by the falling dollar. New world markets are opening."

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http://wenatcheeworld.com/apps/pbcs.dll/article?AID=/20080415/NEWS04/588291467

City may have set precedent for development
Builder allowed to cut landscape buffer in half
By Travis HayWorld staff writer
Posted April 15, 2008

"WENATCHEE - A City Council decision could impact the looks of the waterfront as the construction of condominiums continues adjacent to Walla Walla Point Park

In a unanimous decision, council members Thursday upheld a city Planning Commission recommendation that allowed condo developer Randy Zielinski a 10-foot landscape buffer in an area where the city zoning code mandates at least a 20-foot buffer, because his development is adjacent to a park. The Planning Commission recommended allowing the 10-foot encroachment into the required 20-foot buffer in February.

The Chelan County PUD appealed the ruling and argued against the commission's recommendation at the City Council meeting."

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http://wenatcheeworld.com/apps/pbcs.dll/article?AID=/20080415/NEWS04/18653626

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