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Inflation is driving up the cost of living in Tacoma and Pierce County, particularly for housing, groceries, and gas. Economist Andrew Monaco discusses factors such as an influx of wealthy newcomers and potential tariffs from President-elect Trump that could further increase prices, highlighting the complexities of the local economy.
A fatal collision on Norpoint Way Northeast in Tacoma has resulted in a road closure between Marine View Drive and 29th Street Northeast. Tacoma Police are investigating the incident, which has led to one confirmed death. Drivers are advised to seek alternate routes as the closure is expected to last for several hours.
In 2024, Pierce County faced significant business closures, particularly in the retail and manufacturing sectors, impacting employees and customers alike. Notable closures include Founders Choice Cabinets and the bankruptcy of Harbor Custom Development, highlighting the economic challenges in the region.
A 57-year-old man was arrested in Gig Harbor after attempting to steal an ATM machine, causing approximately $60,000 in damages. The police apprehended him after setting up a containment perimeter and deploying a K9 unit, while his accomplice remains at large.
Traffic on Interstate 5 in Tacoma is severely hindered this Friday afternoon due to multiple accidents, causing significant backups in both directions. Southbound traffic is backed up to state Route 18, while a wreck near East Bay Street disrupts northbound lanes, extending delays to the state Route 16 interchange.
Reid Ekberg has been appointed to the Gig Harbor City Council, filling the vacancy left by Mary Barber's appointment as mayor. A local small business owner with a family legacy of public service, Ekberg aims to address financial stewardship and housing availability in the community.
The Cedardale apartment complex in Federal Way has been sold for over $31 million to a San Diego real estate investment firm. The property features 126 units on over 7 acres and is located near Dash Point State Park, with expectations for continued rental growth.
The rising popularity of Tacoma and Pierce County has led to significant challenges regarding the cost of living, as noted by University of Puget Sound economics professor Andrew Monaco. He emphasizes that the complexities of economic factors make finding solutions to high prices a daunting task, particularly in the context of inflation and local economic pressures.
A tragic murder-suicide in Oregon has claimed the life of 16-year-old Larissa 'Juniper' Alexander, allegedly killed by her father, Nicholas Alexander, who then took his own life. The incident has deeply impacted the community, especially at Century High School, where Larissa was a student. Authorities are investigating the circumstances surrounding this heartbreaking event.
Inflation and the rising cost of living in Tacoma and Pierce County are significant concerns for residents. Economist Andrew Monaco explains that the area's desirability attracts wealthier individuals, driving up housing demand and prices for essentials like groceries and gas. External factors, such as tariffs, may further exacerbate these issues.