Business Services Industry
University of Oregon set to buy bakery, but arena may wait.
Knight Ridder/Tribune Business News, December, 2004
By Greg Bolt, The Register-Guard, Eugene, Ore. Knight Ridder/Tribune Business News
Dec. 9--The University of Oregon plans to spend almost $25 million to buy a site for a new basketball arena that it's not sure it's going to build.
UO officials said they are still trying to determine whether the university can afford a new arena to replace aging McArthur Court. But they are faced with the possibility of losing a chance to buy the Williams' Bakery property, their first choice for an arena site, if they don't close a deal by year's end.
The university first broached the idea of buying the site in 2002 and began negotiations with the landowner in earnest last spring. But Bob Albers, CEO at United States Bakery, said it was taking the UO...
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