Item B: West Broadway Project Update

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13,000 square feet of commercial retail space and 32,000 square feet of flexible work/live space which could be divided in any number of different scenarios. Initial cost estimates for this renovation range from $4.5 Million for renovation of the existing structure with no additional square footage added to $10 Million for complete seismic renovation with an additional two penthouse floors. Historic Telegram Building with Penthouse The Center Court Building is a larger and more involved project with any restoration requiring removal of the newer brick veneer and exposing of the buildings original skin and window system. Our initial investigation suggests this is possible however additional site work is necessary. The vision for this building is additional work/live space either rental or condominium depending on market conditions. The project foot print and massing would remain the same and costs would range on the low side of $12 Million to a high of $20 Million assuming full seismic and life safety standards are met. The developer’s plan for the vacant portion of the Center Court Site is to investigate a long-term temporary use of the property by the Diva Theater Center. Through use of building technologies using tensile structures such as the Denver International Airport, we feel we can provide a 10-20 year home to the theater group at low cost. This would provide the City of Eugene with an Iconic focal point to add to their downtown, allow the city to continue to promote culture activities and give the theater group a renewed focus for fundraising and operations. Initial cost estimates for a 7,000 foot structure complete with warm shell build-out are approximately $ a square foot providing a total project cost of $ including landscaping and finishing or public space. The development footprint for all three projects; restoration of the Washburn Building with additional penthouse structure, restoration of the Center Court Building, and