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

Downtime with John Helmick

June 2015
Tuesday, May 26, 2015
BY JACOB PALMER

Live, Work, Play: CEO of Gorilla Capital.


Read more...

Beneath the Surface

May 2015
Thursday, April 23, 2015
0515-goodhacker01 250pxwBY LINDA BAKER

On April 1 I attended a forum at the University of Portland on the sharing economy. The event featured panelists from Lyft and Airbnb, as well as Portland Mayor Charlie Hales. Asked about the impact of tech-driven sharing economy services. Hales said the new business models are reshaping the landscape. “But,” he added, “I don’t pretend to understand how a lot of this [technology] works.” 


Read more...

Efficiency Boost

June 2015
Friday, May 22, 2015
BY JOE CORTRIGHT

How conservation stimulates the local economy.


Read more...

Undersea Power

June 2015
Friday, May 22, 2015
BY JACOB PALMER

Mike Morrow and Mike Delos-Reyes first came up with the idea of an ocean power device 23 years ago, when they were students at Oregon State University. They realized a long-held vision last summer, when their startup, M3 Wave, successfully launched the first ocean power device that works underwater.


Read more...

6 highlights from the Craft Brewers Conference

The Latest
Friday, April 17, 2015
thumbcbcPHOTOS BY  JASON E. KAPLAN

The 32nd annual CBC attracted a record number of attendees (11,000)  to the Oregon Convention Center.


Read more...

Downtime with the director of Barley's Angels

May 2015
Monday, April 27, 2015
BY JACOB PALMER

Live, Work, Play with Christine Jump.


Read more...

Queen of Resilience

June 2015
Friday, May 22, 2015
BY AMY MILSHTEIN

Astrid Scholz scales up sustainability.


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