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EWEB delays relocation vote until next year.


Byline: Joe Harwood The Register-Guard

Struck by sticker shock Sticker shock is a United States term for the feeling of surprise experienced by consumers upon finding unexpectedly high prices on the price tags (stickers) of products they are considering purchasing. , Eugene Water & Electric Board commissioners decided Tuesday night to delay until early next year a vote on whether to move all or part of the utility's downtown campus to west Eugene.

Solid figures released Monday put the cost of building new headquarters and operations facilities on 46 acres off Roosevelt Boulevard The following roads are called Roosevelt Boulevard:
  • Roosevelt Boulevard (Jacksonville) in Jacksonville, Florida
  • Roosevelt Boulevard (Philadelphia) in Philadelphia, Pennsylvania
  • Roosevelt Boulevard (St. Petersburg) in St.
 and Belt Line Road at $99.4 million. Moving just the operations side of the utility and retaining the administration building along the Willamette River Willamette River

River, northwestern Oregon, U.S. It flows north for 300 mi (485 km) into the Columbia River near Portland. Oregon's most populous cities are in its valley. The Fremont Bridge, a steel arch with a main span of 1,225 ft (373 m), crosses the river at Portland.
 would cost $81.6 million.

Any decision on relocation also would include the timing and how to finance such a move. The financing element could prove a difficult sell to ratepayers, commissioners said.

Commissioner Ron Farmer asked the board to delay the vote until he and others could better understand the various cost components of the new facilities. Farmer said he needs more information so he can explain and justify the investment the utility would ask its customers to make.

The other four commissioners agreed and deferred action.

For more than a decade, EWEB EWEB Eugene Water and Electric Board (Oregon)  has been considering moving its industrial functions away front the riverfront riv·er·front  
n.
The land or property along a river.
. Aside from aesthetic considerations, large utility trucks and those towing trailers with transmission poles often have trouble getting off the site, especially when trying to exit onto northbound north·bound  
adj.
Going toward the north.


northbound
Adjective

going towards the north

Adj. 1.
 Coburg Road at the Ferry Street Ferry Street (Chinese: 渡船街) is a street between Ferry Point and Mong Kok Tsui in Kowloon, Hong Kong. The street was on the shore of old reclamation before the new West Kowloon reclamation in 1990s.  Bridge.

The utility accelerated plans to relocate when Triad Hospitals Triad Hospitals is a Fortune 500 company based in Plano, Texas. It operates 54 hospitals in the United States. In February 2007 it received a merger/buyout offer from another company, and then in March 2007 it received a superior merger/buyout offer from Community Health Systems of  Inc. offered $24.8 million for 22 acres of EWEB's 27-acre campus. For about a year, Triad considered building a new McKenzie-Willamette Medical Center on the property and entered into a nonbinding agreement to buy the land.

In response to that interest, EWEB commissioned a $1 million study to nail down the actual costs of moving all or part of the campus. Commissioners declined to enter into a binding agreement with Triad until that study was completed.

Triad since has negotiated an option to purchase a portion of the RiverRidge Golf Course in north Eugene on which to build the hospital.

Commissioners on Tuesday voted unanimously to terminate the nonbinding pact with Triad.

Farmer said the utility remains open to offers from any party interested in purchasing all or part of the riverfront property. Proceeds from a sale would be used to help finance a future relocation effort.

Preliminary concepts to fund the future relocation include rate increases of 2.25 percent to 2.5 percent, bond refinancing and the sale of all or part of the downtown campus.
COPYRIGHT 2005 The Register Guard
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Utilities
Publication:The Register-Guard (Eugene, OR)
Geographic Code:1USA
Date:Nov 23, 2005
Words:413
Previous Article:Hospitals do battle over ER at Hilyard.(Health)(McKenzie-Willamette asks state regulators to deny PeaceHealth a bigger share of the health care...
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