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Eugene Council Extends Tax Break For Former Hynix Site

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The Eugene City Council voted 5-3 Monday to give a Singapore-based semiconductor manufacturer 2 extra years of property tax exemptions. Broadcom, formerly Avago Technologies bought the former Hynix plant last year for $21 million.

It plans to spend $400 million to renovate the building so it can make computer chips. Councilors George Brown, Betty Taylor and Claire Syrett voted against the tax breaks.
Broadcom is already getting a 3 year tax exemption. Syrett said she thinks the company got a really good deal on the property.
Syrett: “In addition to this ready-to-go site, that I doubt they’ll find anywhere else in the country, I also think our community offers them some other advantages in terms of a workforce, including former Hynix employees, who are going to be ready to hit the ground running and help make their endeavor a real success.”
Broadcom is taking advantage of the West Eugene enterprise zone that the council recently extended. Lane County Commissioners must also approve the tax break extension.
 

Rachael McDonald is KLCC’s former News Director. Rachael has a BA in English from the University of Oregon. She started out in public radio as a newsroom volunteer at KLCC in 2000. After reporting for the Northwest News Network and KAZU, Rachael returned to KLCC in 2007 as Morning Edition host and a general assignment reporter covering politics, the environment, education, and the arts. She was hired as KLCC News Director in 2018. Rachael departed KLCC in June, 2022.
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