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TWST: We would like to begin with a brief historical sketch of Cascade
and a picture of the things as they are now.
Mr. Newton: Cascade opened in Bend, Oregon, over 25 years ago and has
grown to the point of being the market share leader in this market,
generating strong growth and returns over the past decade. This is
because the economy in Central Oregon has been quite strong, mainly
because of in-migration of baby boomers and active retirees. Central
Oregon has better weather than most of the Northwest and has an
abundance of recreational opportunities that draw quality of life
seekers from large metros along the West Coast and increasingly from
other parts of the country. TWST: We hear a great deal about Bend as a magnet destination.
Mr. Newton: It's interesting how you can just walk down the street and
run into new people and ask them what drove their decision. It can be
anything from fresh water, clean air, space or a smaller community where
they are avoiding the traffic. Bend is just an hour plane ride to
Seattle, Portland or San Francisco, and yet you are removed from some of
the issues that arise in large metropolitan areas.
Tickers included in this excerpt: CACB
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not make stock recommendations.
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