SPRINGFIELD, Ore. - The Springfield Economic Development Agency (SEDA) voted on the possible purchase of a business in the Glenwood area to further the Glenwood Riverfront Development project.
SEDA had been negotiating with the business, Ramsey-Waite, since spring of 2017. If approved, the land would sell for $5.6 million, with an additional $200K to help the business move or redevelop.
Ramsey-Waite is a vehicle and equipment dealership that’s been in the Glenwood area for 70 years. SEDA staff said the business wasn’t ready to move when they were first approached. Their land hadn’t been for sale, and they hadn’t intended on selling. But, after months of negotiation, the deal will go through if approved.
"They weren't ready to move. The site was not for sale, so that meant that we were really watching a number of things. What's best for the community as a whole, what's also best for them, as a business that needs to stay viable in the community," said Courtney Griesel, economic development manager with SEDA. "So it was a lengthy process."
SEDA staff said this 7-acre land is essential to serving the community they’re attempting to create in Glenwood. It will become a place for roads and park areas, and there will even be a path that runs from downtown Springfield to the University of Oregon. Staff said it will also open up the opportunity for residential and business development.
"Really opens up, for the first time, public access to a beautiful amenity, to the riverfront, so we're really excited about that. We're really excited to be able to offer that ability to move forward," said Griesel.
If the purchase is approved, staff said construction won’t be seen for years, possibly. The deal would include allowing Ramsey-Waite to remain in the space until they’ve found somewhere else to move to.