- Associated Press - Tuesday, June 10, 2014

EUGENE, Ore. (AP) - The Eugene City Council has taken a step toward buying the former Civic Stadium, once a minor league ballpark, with an eye toward preserving it.

But a deal could be months and many dollars away.

The council voted 6-2 on Monday to have the city attorney draw up an agreement that would give the city until Feb. 16 to decide to buy the property from the Eugene school board and set a closing date of about March 1.

The school district has decided to sell the property to the city for $4.5 million, turning down bids from Fred Meyer and the Eugene Family YMCA, which wanted to take down the stadium.

Civic supporters have urged the council to buy the stadium so it could be renovated for soccer and other purposes.

Council members say a sale depends on finding one or more groups capable of raising at least $3 million to renovate, operate and maintain the stadium, and to develop a “comprehensive business plan.” That would include updated estimates of how much it will cost to renovate the wooden grandstand and replace the playing field.

The agreement also dictates that the city would have to share profits with the school district if it sold the property within 10 years after buying it. The profit sharing would occur if the city sold the property for more than $4.5 million.

The San Diego Padres moved its minor league affiliate from the stadium in 2010.


Information from: The Register-Guard, http://www.registerguard.com



Click to Read More

Click to Hide