The University is one big step closer to controlling the Franklin Boulevard site where it will build the $1 billion Knight Campus.
The UO has bought the final piece of property it needs, the spot now occupied by a Domino’s Pizza eatery.
The deed doesn’t show the purchase price, but the UO paid $1.9 million for the property, Kevin Reed, vice president and general counsel for the university, said Thursday.
The Domino’s will move and the building will be demolished as part of the multi-year construction effort.
The purchase is “a very significant milestone,” Reed said. “We now have acquired all the private property needed for the Knight Campus.”
The university will help pay to move the pizza restaurant, owned by a local Domino’s franchisee Dan Cates, to a new leased location on West 11th Avenue, Reed said.
The UO Board of Trustees in December approved the use of eminent domain to acquire property, but Reed said the university was able to buy the two privately owned parcels it needs for the Knight project without litigation.
The UO paid almost $2.5 million in March to a group led by Eugene businessman Don Woolley for a three-story Franklin office building also in the Knight Campus footprint.
Reed said the tenants of the Woolley building have moved out and the UO Wednesday got the keys to the building.
Still unresolved is the plan to move tenant Evergreen Indian Cuisine from a building owned by the university in the Knight Campus footprint. Reed said talks with Evergreen’s ownership are ongoing.
The UO announced in October that Nike co-founder Phil Knight and his wife, Penny Knight, promised to give $500 million toward the science-focused campus Knight Campus for Accelerated Scientific Impact. The campus will feature three 75,000-square-foot buildings and a skybridge over the boulevard, linking it to the main UO campus, the UO has said. The Knights plan to give the money to UO in $50 million increments over a decade. The UO intends to start construction this fall.
A Lane County deed shows UO bought the Domino’s property on the corner of Franklin Boulevard and Agate Street from Carol Barbara Foster and Franklin Blvd Properties LLC.
In all the Knight science campus will cover 3 acres, between Franklin and the Mill Race.
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