Stonecrest subdivision goes to court

| Print |  Email
Must Reads
Monday, November 19, 2012

Eugene's Stonecrest subdivision that was stalled by the housing bust is mired with legal troubles.

On the eastern two-thirds of the site, where the original developer left streets unfinished, years of winter rains have scoured deep cuts in the rough gravel roadbeds. The side of a 120-foot stretch of one gravel roadway sloughed downhill in a rain-induced landslide last winter.

The project — which epitomizes the Lane County real estate market’s boom, bust and attempted recovery cycle — has left a number of people very unhappy.

The current owner of the subdivision — a development group called Stonecrest Properties LLC — recently sued the city of Eugene and the Eugene Water & Electric Board, saying the public agencies failed to ensure that the original developer, Bend-based Mark Vukanovich, completed the streets, sewer lines and other utilities. Stonecrest Properties — the members of which include prominent Eugene real estate investors Alan Evans and Andy Storment and Eugene’s Korth family — wants the city to cough up $2.6 million to complete the public infrastructure on the subdivision’s unfinished eastern two-thirds.

Read more at The Register-Guard.

{biztweet}stonecrest{/biztweet}

 

More Articles

Finding a Balance

Contributed Blogs
Thursday, January 29, 2015
012915-passinvst-thumbBY JASON NORRIS | OB GUEST BLOGGER

Active vs. passive investing: what you need to know.


Read more...

All Rise

March 2015
Friday, February 20, 2015
BY AMY MILSHTEIN | OB CONTRIBUTOR

Don’t just sit there. For a healthy workplace, move up and down — and all around.


Read more...

The week journalism died

Linda Baker
Sunday, February 15, 2015
deadjournalismthumbBY LINDA BAKER | OB EDITOR

As the investigation against the governor moves forward, those of us in the news business should reflect on our own potential for subverting the democratic process.


Read more...

Everything old is new again: How the EEOC is reinventing itself

Contributed Blogs
Tuesday, February 17, 2015
BY TAMSEN LEACHMAN | OB GUEST CONTRIBUTOR

It is important to understand the EEOC’s priorities, and ensure that your leadership understands the shifting expectations of regulators and the heightened standards to which you (and they) may be held.


Read more...

Help Wanted: Poached Jobs aids restaurateurs

March 2015
Friday, February 20, 2015
BY JACOB PALMER | OB DIGITAL NEWS EDITOR

“We thought there was room for something new.”


Read more...

Photos from the 100 Best Companies to Work For in Oregon awards celebration

The Latest
Friday, February 27, 2015
IMG 9975cneditPHOTOS BY JASON E. KAPLAN

Images from the 2015 celebration of Oregon's great workplaces.


Read more...

How Oregon will survive the loss of Hanjin

March 2015
Friday, February 20, 2015
BY JOE CORTRIGHT | OB CONTRIBUTOR

"Shipping containers to Portland is like waiting for a bus that travels once a day."


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS