Business Services Industry
University of Oregon Considers New Arena Financing Plan.
Knight Ridder/Tribune Business News, May, 2004
By Greg Bolt, The Register-Guard, Eugene, Ore. Knight Ridder/Tribune Business News
May 26--The University of Oregon is considering a new financing plan that could revive its stalled basketball arena project and is re-examining the Williams Bakery site as the court's potential home.
The UO wants to turn construction over to a private developer and lease the building rather than own it. That would avoid saddling the athletic department with $50 million in bond debt -- the stumbling block that tripped up the previous effort -- although the university still would have to make lease payments.
"Since the need for the arena has not gone away, we've been working to try and develop a different approach, a different financial structure for...
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