|
Article Excerpt
Byline: Jack Moran The Register-Guard
SPRINGFIELD - On the plus side, a 48-acre pocket of Glenwood between Franklin Boulevard and the Willamette River is centrally located, is potentially scenic and has drawn interest from a major development firm, a city-hired consultant concludes.
But in a newly released report, a consultant underscores that significant challenges - from negotiating and acquiring properties held by more than a dozen land owners, to ensuring that a proposed mix of uses would be financially profitable in what is now a gritty industrial area - stand in the way of success.
Still, the consultant concluded that a plan to redevelop the Glenwood riverfront is a realistic long-term - that is, 10- to 20-year - goal.
The city commissioned the study, by Portland-based Leland Consulting Group, to determine the feasibility of redeveloping Glenwood's northeast corner. The city is paying Leland $47,000.
One key obstacle the report focuses on: Many of the property owners in the 48-acre area have said they would want to be paid much more for their parcels than a developer would be willing to pay. Leland estimated a housing, retail and office developer seeking market-rate profit would be willing to pay $205,000 to $272,000 per acre...
|
|
More articles from The Register-Guard (Eugene, OR)
UO, other schools get building bonanza.(Higher Education)(The campus c..., June 28, 2007
Sheriff advises board against lodging prisoners elsewhere.(General New..., June 28, 2007
CORRECTIONS.(Corrections)(Correction notice), June 28, 2007
LCC gets $6.75 million for new health building.(Higher Education)(The ..., June 28, 2007
LETTERS IN THE EDITOR'S MAILBAG.(Letters)(Letter to the editor), June 28, 2007
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
