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Amazon landowner could make a sizable profit.

Publication: The Register-Guard (Eugene, OR)
Publication Date: 31-JAN-08
Format: Online
Delivery: Immediate Online Access
Full Article Title: Amazon landowner could make a sizable profit.(Government Local)

Article Excerpt
Byline: Edward Russo The Register-Guard

Four years ago, Aurora-based developer Joe Green bought 40 acres of hilly forested land near the Amazon headwaters in south Eugene for $325,000.

Today, he's offering to sell the land to the city of Eugene for $3.4 million.

The difference between the purchase and potential sale price would not be all profit. Green has spent money trying to get the land developed. But certain factors have put the developer in a position to make a handsome return on his investment.

Green has been helped by the persistent effort of mainly south Eugene residents who want to protect the parcel - along with 26 nearby acres owned by Martin and Leslie Beverly -...



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