Eugene pledges $1 million towards waterfront redevelopment
EUGENE, Ore. - The City Council voted 7-1 to allocate more than $1 million toward the redevelopment of the Eugene Water Electric Board waterfront property.
The money will go towards projects like traffic modifications and a railway quiet zone. Some of the money would come from grants.
Councilors were most concerned about diverting the large amount of taxpayers money away from other issues.
Looking ahead, councilors discussed how the creation of the district would impact the city in the long run, specifically the 2021 IAAF world track championships.
"This is an opportunity to showcase our community on a stage bigger than any we've ever had before," said Councilor Mike Clark. "I think this is a wonderful idea to take a few million dollars in public investment to reap a hundreds of millions of dollars in private investments."
Councilor Betty Taylor was the only opposing vote. She made a statement against the plan, saying it should go to the public for a vote.
The University of Oregon Foundation won the right from EWEB to redevelop the property.
EWEB moved its operations to a new facility on Roosevelt Boulevard, leaving several acres of waterfront vacant for a new use.