University to redirect Museum funds to Frohnmayer’s Steam Plant?

The RG’s Christian Hill has the story on the $26M redo of the EWEB steam plant, here:

… With a mix of commercial debt, equity from investors and tax credits, the team estimates a $4.1 million funding gap and likely would seek public dollars for the project…

A project like this needs some tenant guarantees to lock in funding, and it appears developer Mark Frohnmayer has found one:

Naturally there’s a tie-in to the UO Foundation’s tax-payer subsidized IAAF 2021 championships as well.

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9 Responses to University to redirect Museum funds to Frohnmayer’s Steam Plant?

  1. honest Uncle Bernie says:

    Does this have the potential to be another Riverfront Research Park?

    Better watch out!

    • UO Communuty Member says:

      I don’t know. However, I will say it is crazy for tax payers to fork out $4.1M to Arcimoto guy.

  2. charlie says:

    Looting the treasury. Samoza would be proud….

  3. ODA says:

    I hope they have an ice cream store… and a coffee shop. I always want ice cream when I ride by in the summer, and coffee when I ride by in the winter. A taco place would be good too.

    • uomatters says:

      Coffee is part of UO’s core academic mission, and I can understand subsidizing it at the cost of museums. Not sure sure about the ice cream and tacos though.

  4. thedude says:

    Say what you want, the stuff happening on the riverfront of some of the first improvements the university capital expenditure has offer to the city of Eugene in a while.

  5. Anonymous says:

    Why no posting on the “internal search” for provost?

    • uomatters says:

      Because I was helping teach a class on free speech and then I went out for drinks and dinner with some friends and had a great time and was trying to avoid blogging tonight, but I guess not, so it’s now posted. Happy?

    • Fishwrapper says:

      Why no screen name?

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