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May 21, 2015

U of O pulls out of riverfront project

EUGENE, Ore. (AP) — The foundation that manages the University of Oregon's endowment has stunned civic leaders by pulling out of a project to turn the former operations yard of the local public utility into a mix of riverfront apartments, condos, offices, shops and restaurants.

Citing risks, the foundation's board voted unanimously Monday to stop efforts to buy the 17 acres owned by the Eugene Water & Electric Board, The Register-Guard (http://bit.ly/1cON62i) reports.


 
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