Owner says break-in, rising rent is forcing him to close Portlan - KPTV - FOX 12

Owner says break-in, rising rent is forcing him to close Portland bike shop

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PORTLAND, OR (KPTV) -

Police said a suspect broke into a Portland bicycle shop and stole almost every single bike inside, pushing the owner to close the business.

Owner Molly Cameron owner said between the break-in and rising rent he's decided to close Portland Bicycle Studio for good after being in business for more than 15 years.

Cameron said it was just a few weeks ago when his north Portland shop was hit. At the time, the store actually looked like a place where people could come in and buy bikes, but now it sits empty.

“Everything's gone,” Cameron said, blaming the thieves. "They cut the fence and must've drove the vehicle in, kicked in the back door, and took everything - took all the bikes off the floor, all my computers, you know, a ton of equipment and gear."

Cameron said the shop focused on high-end bikes and that altogether the thieves took a couple dozen bikes, a huge financial loss.

 "It was a six-figure loss. I mean, yeah, it was well over six figures," Cameron said. "Bikes in Portland range from super cheap and practical and very expensive and boutique, and, you know, we're a boutique bike shop and do a lot of high-end and expensive stuff."

The small business owner told FOX 12 another problem for his shop is that rent in Portland keeps rising.

“It's just gone up,” Cameron said. “I think, in the last five or six years, you've seen a spike, a really sharp spike."

The break-in and higher rent both played a part in Cameron’s decision to move on from his business, so come Thursday, the long-time shop will go from open to closed for good.

Anyone with any information about the break-in is asked to call the Portland Police Bureau.

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