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. Continue reading