The University earned access to $200 million in F-bonds from the Oregon Legislature to finance its arena project Friday evening.
The Oregon Legislature’s experimental February session also closed a week early.
The University now needs approval from the State Board of Higher Education before it can sell the bonds, but because the board already gave the University approval to seek the bonds, they are expected to approve the UO’s next request.
Before construction of the arena can actually begin, the University also needs approval from the Eugene City Council because construction of the arena calls for the removal of a public alleyway, said Steven Ochs, city planner.
UO’s $200 million request wins approval
February 23, 2008
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