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New skyline may rise in city's future.

Publication: The Register-Guard (Eugene, OR)
Publication Date: 31-MAR-04 		Format: Online
Delivery: Immediate Online Access
Full Article Title: New skyline may rise in city's future.(Real Estate & Housing)(Oregon Research Institute anticipates grant to help fund 6-story office building)

Article Excerpt
Byline: Edward Russo The Register-Guard

CORRECTION (ran 4/1/04): The Eugene City Council last year agreed to sell the former Sears building in downtown to the Oregon Research Institute for $400,000. An article on Page A1 of Wednesday's Register-Guard listed an incorrect figure. Also, Solarc Architecture & Engineering of Eugene is helping design ORI's proposed downtown building. Solarc's name was omitted from the article.

A dramatic new addition to the downtown Eugene skyline - a six-story office building for the Oregon Research Institute - now appears a near certainty.

Earlier this month, ORI employees learned the organization has a good chance at landing a crucial $4 million federal grant, money that the Eugene-based behavioral study firm would use as a down payment toward a new headquarters.

"I'm as optimistic as I can possibly be," Executive Director Cynthia Guinn said. "I think we are going to get the construction grant."

ORI plans to raise another $20 million of the cost by issuing tax-exempt bonds.

It has yet to buy the building site - the old Sears department store opposite the new Eugene Public Library - from the city. The city and ORI have been haggling...

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