SPRINGFIELD, Ore.-- The Springfield Economic Development Agency set out a timeline for a project to revitalize the city's waterfront in the Glenwood area during a meeting Monday night.
The Springfield Economic Development Agency received three letters of interest from three different organizations about developing the land at the corner of Franklin Boulevard and A Street. Those who expressed interest include LOCALIS Partners, Glenwood Development, LLC, and the Eugene Emeralds.
Glenwood Development gave a detailed description that gave an insight into what the property would look like. If approved by the city, a 378 room luxury hotel would be built along with 350 condominiums. Five, seven-story buildings would tower over the property. The plan is also to add a 55,000 square-foot event center.
The plan shows places for tourists and community members to shop and dine. The new riverfront would also connect to existing bike and walking paths that run along the Willamette river throughout Eugene and Springfield.
The project under Glenwood Development would create anywhere from 800 to 1,000 construction jobs and is expected to be completed by May/June of 2024.
The Eugene Emerald's proposal is to build a new 2,000 seat stadium. Their presentation argued that a new stadium would create economic growth in the Glenwood area.
LOCALIS Partners said they would use the riverfront space to build medium and high-density housing, office and commercial space, retail and restaurants, parking, hotel and meeting center, sports venues, and park improvements.
The Springfield Economic Development Agency will meet again on April 12 to hear presentations from each of the groups.