© 2024 KLCC

136 W 8th Ave
Eugene OR 97401

Contact Us

FCC Applications
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Eugene 4J to sell proposed downtown headquarters four months after buying it

The Wells Fargo building in downtown Eugene. The bank has moved to another location a few blocks away and Eugene 4J school district has started the process to purchase the it for their new district offices.
Chris Lehman
The Wells Fargo building in downtown Eugene. The bank has moved to another location a few blocks away. Eugene 4J bought the building in February for its new district offices and now plans to sell it.

The Eugene 4J School board has voted to sell a downtown office building it recently bought for its new district headquarters.

The district purchased the Wells Fargo building in February for about $2.9 million. It needed between $12 and $13.5 million in renovations.

School board members changed course Wednesday night and voted unanimously to sell the building after a recent revenue forecast showed tough financial times ahead.

School Board Member Judy Newman said the district will re-allocate the planned renovation funds to pay for staff, and student services.

"The reality of our times - it's in preserving what we have to the best degree and keeping the focus in the classroom," she said.

The district said selling the building will help it avoid the layoff other districts in the state are facing.

The school board bought the building from an unknown third party for $2.9 million. Its real market value was $10.8 million dollars.

School Board Member Morgan Munro - who strongly supported the initial purchase - said the district will likely not find a better deal on a new headquarters. Despite that - she said she still supported the sale.

"I have a hard time sticking with a building purchase that I would in a different world be thrilled to get to stick with,” she said. “But doing that instead of keeping staff, or doing that instead of supporting students, just doesn't feel like the right choice."

She said 4J will likely join other districts around the state asking lawmakers to increase funding for public schools.

Rebecca Hansen-White joined the KLCC News Department in November, 2023. Her journalism career has included stops at Spokane Public Radio, The Spokesman-Review, and The Columbia Basin Herald.
Related Content