📋 What’s changing:
🔹 Application fees: $5,000 → $15,000
🔹 Renewal fees: $5,000 → $7,500 (term extended 20 → 25 years)
🔹 New one-time fee: $3/foot of cable in state waters (~$1M+ per new cable)
🔹 Revenue directed to Oregon’s Common School Fund 🔹 Tighter emergency-response and decommissioning rules, prompted by a 2020 seafloor drilling incident
🏢 Why it matters:
🔹 Hillsboro is 1 of only 2 West Coast inland cable landing points
🔹 Oregon is a top-10 U.S. data center market
🔹 No sales tax + enterprise zone incentives have long fueled growth
🔹 New fees signal rising regulatory and cost pressure on coastal/telecom infrastructure
🗓️ Public comment open through Aug. 3; State Land Board vote expected later this year
📍 Worth watching for anyone with exposure to data center, industrial, or telecom-adjacent real estate.
#CommercialRealEstate #DataCenters #Oregon #CRE #Infrastructure #Telecom #IndustrialRealEstate #PropTech #RealEstateInvesting #EconomicDevelopment
