AP writer Donna Gordon Blankinship filed a great report exploring why bonds failed in Western Washington while most passed on the eastern side. She interviewed Jon Gores at Seattle-based D.A. Davidson & Co., the leading underwriter of school bonds and a supporter of LEV’s Levy Library, to answer the question.
Here’s an excerpt:
“We’ve been kind of scratching our heads on that too,” Gores said Friday.
He said major employers such as Starbucks Corp., Microsoft Corp. and Boeing Co. have announced layoffs in Western Washington, while most Eastern Washington communities have been spared job cuts so far. Home prices have also dropped more dramatically on the western side of the Cascade Mountains.
