Eugene presents a $500,000 development loan to planners of a boutique hotel.
Construction hopefully will begin next January on a new hotel in Eugene, and the city is helping fund the project with a five-year business development loan.
The city of Eugene became a financial player on Monday in the development of a new “boutique” hotel at the Fifth Street Public Market.
Mayor Kitty Piercy and City Manager Jon Ruiz presented market owner Brian Obie with a check for $500,000 — a five-year business development loan — and expressed their support for the hotel project.
Read the full article in The Register-Guard.
