The City of Eugene and Eugene Water and Electric Board have finalized a deal for 16-acres of riverfront property.
The utility sold it to the city for $5.8 million in urban renewal funds. Eugene City Manager John Ruiz says the effort to acquire the property has been in the works for more than a decade. “From our perspective and the community’s perspective it just helps to fulfill a generational vision and dream of better connecting the river to downtown and other parts of the community,” Ruiz says.
Eugene is working with Portland developer Williams and Dame on plansfor a multi-use neighborhood on the property along the Willamette River. It would include housing, shops, restaurants and a 3-acre park.