Drew Millegan
@drewmillegan.bsky.social
Fun fact - if you withdrew the entire US federal budget in singles and stacked it, it would stretch past the moon.
Also, the Treasury would be very mad at you.
https://www.woodworth.fund/capital-call-podcast
Also, the Treasury would be very mad at you.
https://www.woodworth.fund/capital-call-podcast
Wow. The South Yamhill River in McMinnville is projected to crest within 2 feet of the flood of '96. Hasn't been this high in nearly 30 years.
I'm fine where I am, but I feel bad for Sheridan upstream - that whole town is built low in the flood plain.
I'm fine where I am, but I feel bad for Sheridan upstream - that whole town is built low in the flood plain.
December 18, 2025 at 12:39 AM
Wow. The South Yamhill River in McMinnville is projected to crest within 2 feet of the flood of '96. Hasn't been this high in nearly 30 years.
I'm fine where I am, but I feel bad for Sheridan upstream - that whole town is built low in the flood plain.
I'm fine where I am, but I feel bad for Sheridan upstream - that whole town is built low in the flood plain.
My brother created an index for publicly traded Oregon companies. We call it the WORM (Woodworth Oregon Market Index). It's compiled DOW-style from companies with significant operations or otherwise based in Oregon.
I sure do love being an independent firm.
I sure do love being an independent firm.
The new Millegan Memo is live. We debut the WORM index for #Oregon names, revisit the 1973 oil shock, dig into MGPI’s whiskey glut, homebuilder margin compression, and why AI’s real ally is natural gas.
As of 12/9, WORM closed at 3,408.71.
www.woodworth.fund/news/the-mil...
#OregonInvesting #WORM
As of 12/9, WORM closed at 3,408.71.
www.woodworth.fund/news/the-mil...
#OregonInvesting #WORM
THE MILLEGAN MEMO: POST-NOVEMBER 2025 — Woodworth Contrarian Fund
This month we revisit the original oil panic, the whiskey glut nobody noticed, homebuilders’ disappearing margins, and the only friend AI data centers really have - natural gas. In other words: 1970s ...
www.woodworth.fund
December 12, 2025 at 12:23 AM
My brother created an index for publicly traded Oregon companies. We call it the WORM (Woodworth Oregon Market Index). It's compiled DOW-style from companies with significant operations or otherwise based in Oregon.
I sure do love being an independent firm.
I sure do love being an independent firm.
Reposted by Drew Millegan
good morning portland. the big pipe is full www.portland.gov/bes/big-pipe...
December 9, 2025 at 2:05 PM
good morning portland. the big pipe is full www.portland.gov/bes/big-pipe...
My question is whether this will get pushback - I really like this rule change, but it still needs broad buy-in to work. Previous statewide upzonings in Oregon were built on the political compromise that smaller towns could remain more restrictive - this makes that harder (which is good but risky).
Tomorrow, Oregon is poised to approve the nation's first statewide model zoning code + become the first state to make it mandatory in cities that underperform their peers on housing production www.sightline.org/2025/12/03/n...
New Oregon Rules Will Re-Legalize Neighborhood Apartments | Sightline Institute
Over time, the state zoning standards make space for tens of thousands more homes in Oregon cities.
www.sightline.org
December 4, 2025 at 4:41 PM
My question is whether this will get pushback - I really like this rule change, but it still needs broad buy-in to work. Previous statewide upzonings in Oregon were built on the political compromise that smaller towns could remain more restrictive - this makes that harder (which is good but risky).
Reposted by Drew Millegan
Tomorrow, Oregon is poised to approve the nation's first statewide model zoning code + become the first state to make it mandatory in cities that underperform their peers on housing production www.sightline.org/2025/12/03/n...
New Oregon Rules Will Re-Legalize Neighborhood Apartments | Sightline Institute
Over time, the state zoning standards make space for tens of thousands more homes in Oregon cities.
www.sightline.org
December 3, 2025 at 11:32 PM
Tomorrow, Oregon is poised to approve the nation's first statewide model zoning code + become the first state to make it mandatory in cities that underperform their peers on housing production www.sightline.org/2025/12/03/n...
Reposted by Drew Millegan
first one of these I’ve seen that compares the effects of market rate vs income restricted units
November 28, 2025 at 4:43 PM
first one of these I’ve seen that compares the effects of market rate vs income restricted units
Reposted by Drew Millegan
it's true - US codes result in really ugly, massive development.
single stair helps solve this.
single stair helps solve this.
NEW PAPER w/ @cselmendorf.bsky.social & @jkalla.bsky.social:
An under-appreciated reason why voters oppose dense new housing, especially in less-dense neighborhoods: they think it looks ugly and want to prevent that, even in other neighborhoods.
Some of what we think is NIMBYism might not be!
An under-appreciated reason why voters oppose dense new housing, especially in less-dense neighborhoods: they think it looks ugly and want to prevent that, even in other neighborhoods.
Some of what we think is NIMBYism might not be!
November 25, 2025 at 10:38 PM
it's true - US codes result in really ugly, massive development.
single stair helps solve this.
single stair helps solve this.
Reposted by Drew Millegan
US Immigration and Customs Enforcement arrested a high school student in McMinnville during Friday’s lunch period, according to school officials.
ICE arrests McMinnville High School student during Friday lunch period
Family told local news the 17-year-old is a US citizen.
www.opb.org
November 22, 2025 at 1:52 AM
US Immigration and Customs Enforcement arrested a high school student in McMinnville during Friday’s lunch period, according to school officials.
Reposted by Drew Millegan
Trump Administration is to propose a massive cut in federal transit funding as part of 2026 transport legislation.
This proposal would decimate the nation's transit systems, while not actually solving the revenue problem federal transportation funding faces.
Evidence @urbaninstitute.bsky.social ⏬
This proposal would decimate the nation's transit systems, while not actually solving the revenue problem federal transportation funding faces.
Evidence @urbaninstitute.bsky.social ⏬
Cutting Federal Transit Funding Won’t Fix Budget Shortfalls. But It Would Make Transportation Less Affordable for Americans.
A proposal to eliminate federal public transit funding would not only fail to address the existing funding gap but would also leave millions of Americans, pa…
www.urban.org
November 18, 2025 at 3:44 PM
Trump Administration is to propose a massive cut in federal transit funding as part of 2026 transport legislation.
This proposal would decimate the nation's transit systems, while not actually solving the revenue problem federal transportation funding faces.
Evidence @urbaninstitute.bsky.social ⏬
This proposal would decimate the nation's transit systems, while not actually solving the revenue problem federal transportation funding faces.
Evidence @urbaninstitute.bsky.social ⏬
Reposted by Drew Millegan
The 217 widening project is finished. Let's see how congestion looks tonight. 👀
@nomorefreewayspdx.com
www.kgw.com/article/traf...
@nomorefreewayspdx.com
www.kgw.com/article/traf...
November 14, 2025 at 1:20 AM
The 217 widening project is finished. Let's see how congestion looks tonight. 👀
@nomorefreewayspdx.com
www.kgw.com/article/traf...
@nomorefreewayspdx.com
www.kgw.com/article/traf...
Reposted by Drew Millegan
The release of the discussion draft has now been pushed back to December.
November 17, 2025 at 6:26 PM
The release of the discussion draft has now been pushed back to December.
Reposted by Drew Millegan
My most woke opinion is that cities should completely ignore suburban commuters and design the city we aspire to be. They’ll either begrudgingly commute in by car, mode shift, or be replaced by others in foot traffic
"my least woke opinion is---"
That's enough. We've had enough people indulging in the "thrill of a little conservatism", as a treat. Of considering reactionary thought to be a salacious and taboo in a world descending into reactionary mania.
Give me your MOST woke opinions. We're bringing it back.
That's enough. We've had enough people indulging in the "thrill of a little conservatism", as a treat. Of considering reactionary thought to be a salacious and taboo in a world descending into reactionary mania.
Give me your MOST woke opinions. We're bringing it back.
November 14, 2025 at 4:17 PM
My most woke opinion is that cities should completely ignore suburban commuters and design the city we aspire to be. They’ll either begrudgingly commute in by car, mode shift, or be replaced by others in foot traffic
Reposted by Drew Millegan
This is the first sizeable development I've seen in Portland that takes advantage of 2004's SB 1537, which requires mandatory approval of certain adjustments (variances) to local zoning codes. www.portlandmaps.com/detail/permi...
It will allow the 127 unit Apatheia development to move forward.
It will allow the 127 unit Apatheia development to move forward.
November 3, 2025 at 4:54 PM
This is the first sizeable development I've seen in Portland that takes advantage of 2004's SB 1537, which requires mandatory approval of certain adjustments (variances) to local zoning codes. www.portlandmaps.com/detail/permi...
It will allow the 127 unit Apatheia development to move forward.
It will allow the 127 unit Apatheia development to move forward.
Reposted by Drew Millegan
Also, pointing to the research from Eriksen & Orlando (2021) that the cost of extra height is nonlinear & tends to happen at different break points when construction material & building code ramps up requirements. So, allowing single stair to reach the height before highrise codes kicks-in, is good.
November 13, 2025 at 10:02 PM
Also, pointing to the research from Eriksen & Orlando (2021) that the cost of extra height is nonlinear & tends to happen at different break points when construction material & building code ramps up requirements. So, allowing single stair to reach the height before highrise codes kicks-in, is good.
Reposted by Drew Millegan
Doug Allen suggesting removing I-5 at 9am on a Thursday just makes my heart so warm
November 13, 2025 at 5:18 PM
Doug Allen suggesting removing I-5 at 9am on a Thursday just makes my heart so warm
Reposted by Drew Millegan
It shouldn’t be forgotten that a big piece of Mamdani’s campaign was simply “cities are cool and lots of people enjoy living in them” which in and of itself dismantles alot of rightwing talking points
November 7, 2025 at 12:02 PM
It shouldn’t be forgotten that a big piece of Mamdani’s campaign was simply “cities are cool and lots of people enjoy living in them” which in and of itself dismantles alot of rightwing talking points
Reposted by Drew Millegan
Tears, panic, and young Ukrainian soldiers pleading for help — a new disinformation campaign using artificial intelligence (AI) to fabricate videos of Ukraine's mobilization efforts is flooding social media platforms.
AI soldiers: How deepfakes are manipulating Ukraine’s mobilization narrative
Editor's note: This article was published as part of the Fighting Against Conspiracy and Trolls (FACT) project, an independent, non-partisan hub launched in mid-2025 under the umbrella of the EU Digit...
kyivindependent.com
November 7, 2025 at 6:01 PM
Tears, panic, and young Ukrainian soldiers pleading for help — a new disinformation campaign using artificial intelligence (AI) to fabricate videos of Ukraine's mobilization efforts is flooding social media platforms.
Reposted by Drew Millegan
We saw this same issue — voting day bomb threats — in 2024. Motive could be strategic voter suppression, but in 2024 it was likely foreign interference designed to cause mayhem and further erode trust in US election. These tactics can also provide pretext for contesting elections later.
Across New Jersey, bomb threats at multiple polling locations have prompted closures and relocations today
Bomb threats force closures at some New Jersey polling places
Paterson Mayor Andre Sayegh said polling sites at School 2 and School 10 in Paterson were shut down after threats were received.
newjersey.news12.com
November 4, 2025 at 3:55 PM
We saw this same issue — voting day bomb threats — in 2024. Motive could be strategic voter suppression, but in 2024 it was likely foreign interference designed to cause mayhem and further erode trust in US election. These tactics can also provide pretext for contesting elections later.
Reposted by Drew Millegan
Reposted by Drew Millegan
I’m at the launch of Oregon’s design competition for sunlight suite buildings - neighborhood-scale mulifamily buildings designed around one central staircase.
“This is one of those innovations whose time has come,” says Gil Kelley of @1000oregon.bsky.social.
“This is one of those innovations whose time has come,” says Gil Kelley of @1000oregon.bsky.social.
October 21, 2025 at 1:09 AM
I’m at the launch of Oregon’s design competition for sunlight suite buildings - neighborhood-scale mulifamily buildings designed around one central staircase.
“This is one of those innovations whose time has come,” says Gil Kelley of @1000oregon.bsky.social.
“This is one of those innovations whose time has come,” says Gil Kelley of @1000oregon.bsky.social.
Reposted by Drew Millegan
Appeals court, in 2 to 1 split, clears path for Trump to deploy Oregon National Guard in Portland
https://www.oregonlive.com/crime/2025/10/appeals-court-in-2-to-1-split-puts-hold-on-restraining-order-barring-trump-from-deploying-oregon-national-guard.html
https://www.oregonlive.com/crime/2025/10/appeals-court-in-2-to-1-split-puts-hold-on-restraining-order-barring-trump-from-deploying-oregon-national-guard.html
October 20, 2025 at 9:00 PM
Appeals court, in 2 to 1 split, clears path for Trump to deploy Oregon National Guard in Portland
https://www.oregonlive.com/crime/2025/10/appeals-court-in-2-to-1-split-puts-hold-on-restraining-order-barring-trump-from-deploying-oregon-national-guard.html
https://www.oregonlive.com/crime/2025/10/appeals-court-in-2-to-1-split-puts-hold-on-restraining-order-barring-trump-from-deploying-oregon-national-guard.html
Reposted by Drew Millegan
Ladies and gentlemen, we did it. SB 79 has been signed.
October 10, 2025 at 4:36 PM
Ladies and gentlemen, we did it. SB 79 has been signed.
Reposted by Drew Millegan
Helen of Troy (HELE) looks like $70 of assets for $26.
In 1871, wheat speculators lost to 567 train cars.
Now, the yield curve is back upright—but warning lights stay on.
Sept #MilleganMemo went out Sat for subscribers
Subscribe at the bottom of the article
#HelenOfTroy #YieldCurve #ValueInvesting
In 1871, wheat speculators lost to 567 train cars.
Now, the yield curve is back upright—but warning lights stay on.
Sept #MilleganMemo went out Sat for subscribers
Subscribe at the bottom of the article
#HelenOfTroy #YieldCurve #ValueInvesting
THE MILLEGAN MEMO: SEPTEMBER 2025 — Woodworth Contrarian Fund
Helen of Troy (HELE) is cheap, wheat commodity corners collapse in 1871, the Woodworth Fund releases its Q3 Newsletter, and the yield curve flips back. Different centuries, same story: the market alwa...
www.woodworth.fund
October 6, 2025 at 3:10 PM
Helen of Troy (HELE) looks like $70 of assets for $26.
In 1871, wheat speculators lost to 567 train cars.
Now, the yield curve is back upright—but warning lights stay on.
Sept #MilleganMemo went out Sat for subscribers
Subscribe at the bottom of the article
#HelenOfTroy #YieldCurve #ValueInvesting
In 1871, wheat speculators lost to 567 train cars.
Now, the yield curve is back upright—but warning lights stay on.
Sept #MilleganMemo went out Sat for subscribers
Subscribe at the bottom of the article
#HelenOfTroy #YieldCurve #ValueInvesting
Reposted by Drew Millegan
Finally some good news!
October 3, 2025 at 11:23 PM
Finally some good news!