Broadway Options Now Up to $19 Million

The city of Eugene withheld the purchase options list for property downtown until after Eugene Weekly went to press with its last issue before the election on Measure 20-134. The list now shows that the city’s land purchase costs have increased from earlier estimates of about $16 million to about $19 million now. The purchase prices average about double the real market value the Lane County Tax assessor has set for the properties. The city has offered some owners up to four times the real market value. For the Bradfords building and adjacent one-eighth-block parking lot owned by Diamond Parking Inc., the city purchase option would trade a city parking lot at 12th and Oak that’s twice as large and pay $290,360 in cash.

For the complete updated Broadway options list, see the end of the updated news story here.

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