EUGENE, Ore. (AP) -- A committee looking at proposals to replace Eugene's historic Civic Stadium has ranked a Fred Meyer store as the best financial option.
The Register-Guard reports that the committee comprised of school district employees and a real estate consultant ranked proposals the district received last month for its 10-acre property.
A Fred Meyer developer offered to pay $360,000 a year to lease the land for 20 years, with an option to buy it at the end of that period for an estimated $10.2 million to $11.2 million. It outscored offers from the Eugene Family YMCA, the city of Eugene and the nonprofit Friends of Civic Stadium.
The committee will review the offers with the school board next week. The board is expected to make a decision Feb. 19.