Printer Friendly
The Free Library
22,728,043 articles and books

Collapse of ORI deal may rekindle interest in Sears site.



Byline: Randi Bjornstad The Register-Guard

Three years after losing out to Oregon Oregon, city, United States
Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products.
 Research Institute for the chance to redevelop re·de·vel·op  
v. re·de·vel·oped, re·de·vel·op·ing, re·de·vel·ops

v.tr.
1. To develop (something) again.

2.
 the old Sears & Roebuck site in downtown Eugene Eugene, city (1990 pop. 112,669), seat of Lane co., W Oregon, on the Willamette River; inc. 1862. A processing and shipping center in a farming area, the "Emerald City" has lumbering, food-processing, and microchip and other electronics industries. , two of the three developers who submitted proposals back then say they still might be interested in the opportunity.

ORI announced last week that it couldn't could·n't  

Contraction of could not.


couldn't could not
 make the deal with the city of Eugene work. The nonprofit A corporation or an association that conducts business for the benefit of the general public without shareholders and without a profit motive.

Nonprofits are also called not-for-profit corporations. Nonprofit corporations are created according to state law.
 research group said it couldn't fill a $5 million hole in financing that would allow it to proceed with a new, nearly $25 million facility for its 250 employees at West 10th Avenue and Charnelton Street.

The organization has missed five deadlines in the past 18 months to come up with the funds to purchase the property from the city.

But even if the city-owned property comes back on the market, not everyone who indicated interest in it in the past may jump at the chance to redevelop it.

Jenny Ulum of Ulum Associates, speaking for a team of developers trying to put together a major redevelopment project within a block of the old Sears location, said possible interest by Tom Connor Connor (from Conchobar, a Gaelic name meaning “Wolf Lover/Wolf Kin”[1], or "Dog Lover" [2]) may refer to:

In geography:
  • Connor, Maine, unincorporated area in Aroostook County, Maine, United States
 and Don Woolley in the newly available property "is not something they will be commenting on at this time."

Connor and Woolley, who own substantial amounts of property in downtown Eugene, held talks with ORI a year ago about joining forces to help get the project off the ground but apparently never came to an agreement.

And longtime long·time  
adj.
Having existed or persisted for a long time: a longtime friend; a longtime resident of Detroit.


longtime
Adjective
 Eugene-area developer Norm Fogelstrom, who came in second in the competition for the site the first time around, said Friday he's no longer interested in making another proposal.

"I was going to do six or seven stories of condominiums with retail on the bottom level," Fogelstrom said. `But I was going to (reuse reuse - Using code developed for one application program in another application. Traditionally achieved using program libraries. Object-oriented programming offers reusability of code via its techniques of inheritance and genericity. ) the old building for the commercial - I was surprised at how strong it was. When the city tore Tore can refer to:
  • Tore, Scotland
  • Tore (volcano), in Papua New Guinea
See also: Töre
 it down, they ruined that.'

The other two proposals submitted three years ago came from Sockeye Development in Portland and Eugene-based Arlie & Co.

Sadie Dressekie, marketing director for Arlie, said that, while the company considered the old Sears building "a key piece of property that would help revitalize re·vi·tal·ize  
tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es
To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy.
 downtown Eugene," it would have to reevaluate the situation if the city decides to put the site on the market again.

"It's a key piece of property, and it's now in a prime location across the street from the new public library," Dressekie said.

"We're always interested in projects that might benefit the community - if it is going up for sale, we would certainly do our research and find out what the possibilities might be," she added.

Arlie's original idea was to redevelop the site with a mixture of retail and office use on the lower levels, with condominiums and apartments above, she said.

Carter McNichol, a managing partner with Sockeye Development, said his group also would have created a mix of retail and housing.

"Our proposal was to put 52 apartments on five floors above the retail level," McNichol said. "We submitted a plan that would have cleared the site. We wouldn't say `no' to the chance to submit another one. A lot of things can change in three years - site, neighborhood, financing - but we certainly would consider making another proposal."

Sockeye and other developers could get that chance.

Mike Sullivan, manager of the city of Eugene's community development division, said Friday that the City Council will talk about what to do next at a work session on April 12.

`It was originally intended as an update (about the ORI project),' Sullivan said, "but given what's happened, we will start a conversation with the council about what will happen next. One of the potential outcomes could be another request for proposals."

Eugene City Manager Dennis Taylor

For other people named Dennis Taylor, see Dennis Taylor (disambiguation).
Dennis Taylor ( Denis), born January 19 1949 in Coalisland, County Tyrone, Northern Ireland, is a retired snooker player, and current BBC snooker commentator.
 said earlier last week that other developers also had been expressing interest in the old Sears site for the past several months when it became apparent that ORI might not be able to solve its funding problems.

Cynthia Guinn, executive director of ORI, said the research group may begin a financial campaign soon to raise money to purchase another new or renovated, environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1]  building.

CAPTION(S):

Passers-by peer into a huge pool at the site of the former Sears building.
COPYRIGHT 2006 The Register Guard
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Real Estate & Housing
Publication:The Register-Guard (Eugene, OR)
Date:Mar 27, 2006
Words:711
Previous Article:Natural world offers lessons in cooperation.
Next Article:Vessel winds up high and dry.
Topics:



Related Articles
ORI's downtown building OK'd.
The coming of ORI.
ORI, Eugene sign agreement over Sears site.
Downtown developers may work with ORI.
ORI seeks new delay for building.
ORI drops plan to build new offices downtown.
Not a fatal setback.
Former Sears parcel headed to market.
City gives more time for Sears site ideas.
Developers provide Sears site visions.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters