Eugene gives OK to student housing for 1,200
Thursday, May 10, 2012
EUGENE, Ore. (AP) -- Construction is expected to begin soon on a project to house 1,200 students in Eugene, the home of the University of Oregon.
The City Council voted 6-2 Wednesday to grant an Alabama developer a tax break for the $89 million downtown project.
The Capstone project was proposed four months ago and was met with questions about how it would be managed and whether it was a good idea to concentrate so many students downtown.
The developers agreed to a two-phase construction timetable and to having managers on the site. A majority of council members said they were reassured.
The Eugene Register-Guard reports (http://bit.ly/IF1TYZ ) that the tax breaks will be worth $8.5 million over 10 years.
Information from: The Register-Guard, http://www.registerguard.com