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City buying into a new downtown.

Publication: The Register-Guard (Eugene, OR)
Publication Date: 28-FEB-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: City buying into a new downtown.(Government Local)(Councilors endorse the purchase of three key properties that would then be resold to potential developers)

Article Excerpt
Byline: Edward Russo The Register-Guard

Hoping the purchases will lead to long-sought downtown redevelopment, the Eugene City Council on Wednesday tentatively endorsed buying three key properties for more than $5 million.

Councilors voted 7-0 to support the proposed acquisition of the Centre Court building and Washburne building at Broadway and Willamette Street from Eugene landlords Tom Connor and Don Woolley. Councilors are charting a new course on redevelopment, following last fall's rejection by voters of a ballot measure to spend up to $40 million in urban renewal funds in the city center.

If plans proceed, the city in June would pay Connor and Woolley $4.7 million...

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