Hynix plant sold at auction for $20M
EUGENE, Ore. - The former Hynix Semiconductor plant went on the auction block this week, sold for $20 million to an unidentified top bidder.
The plant cost $250 million to build in 1995.
Auction.com said the deal is now in escrow and awaits finalization.
Hynix closed in 2008, putting 1,100 people out of work.
Eugene Chamber of Commerce president David Hauser followed the 2-day bidding online.
"The price - while it still represents a significant bargain for whoever bought it - is high enough, at least in my view, that it suggests that somebody who has an intended use for the building purchased it," Hauser said.
Hauser said he doesn't know the name of the buyer or how the buyer may use the property. He predicted that information could surface within the next two weeks.
"While that's very general, I think hopefully our purchaser falls into one of those categories: will be a user of the building and will bring some quality job opportunities to the region," Hauser said.
Past proposals for the property included solar panels and an e-commerce hub. Neither plan came to fruition.