The historic White Stag building in Portland, OR, famous for the “Portland, Oregon” electric sign decorating its roof, now belongs to the University of Oregon Foundation. They purchased the building for $42.6 million, the UO foundation confirmed today.
The university has occupied the facility since 2008, operating in about 70 percent of the 137,000 square foot building. Victoria Nguyen, public affairs coordinator for the UO Foundation, told the Portland Business Journal that the acquisition will not change daily operations at the building.
UO acquired the building after Venerable Group, Inc. finished a long term restoration of it. The building is over 100 years old. Venerable has offices in the building, and plan to stay there even after the acquisition.
UO has been increasing its Portland presence in recent years. The White Stag building already has a Duck Store in its ground floor.
UO Foundation buys historic Portland building for $42.6 million
November 3, 2015
Yesterday evening, Facebook user Jennifer Vick Cox posted a series of photos implicating University of Oregon students and the Lambda Chi Alpha chapter of a littering issue at Shasta Lake’s Slaughterhouse Island in Northern California this past weekend. “The person who took those photos isn’t at liberty to make an …
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