SPRINGFIELD, Ore. – The Eugene City Council on Wednesday agreed to sell a 1.9-acre plot next to the U.S. Courthouse to Northwest Community CU, where the $720 million credit union plans to build a new headquarters.
Councilors voted 6-2 to sell the land to the credit union for $1.23 million. In exchange, the city will pay an estimated $200,000 in city fees that are normally paid by developers and relocate another building that is on the property.
Credit union executives say they want to start construction of a three- or four-story, 60,000-square-foot building that will house 150 employees next spring. The building would include a credit union branch on the ground floor and partial underground parking.
Most councilors were happy to agree to sell the triangular parcel to the credit union — and didn’t see a public garden that exists on part of the site as sufficient reason to not go forward.
The credit union’s current headquarters is in the former Smith’s Furniture store building, in the Gateway area of Springfield.
