Convinced that full preservation is far too expensive to achieve, directors of the Northwest Neighborhood Cultural Center are negotiating a potential sale in hopes of saving three public facades of the historic former First Church of Christ, Science.
However, with rehabilitation costs now estimated to exceed $10 million, NNCC is negotiating on a proposed $4.75 million sale to a Las Vegas development company. If a sale occurs, proceeds would be held in trust by the Oregon Community Foundation for programs benefitting the Northwest neighborhood.
“We are not there yet, but we are close,” Anderson said at an annual board meeting. He said a conclusion could be reached sometime in the spring.
The building has been for sale for almost three years, but so far has attracted only one seemingly serious bid. The building's problems include seismic bracing, electrical and plumbing replacements.
The building has been for sale for almost three years, but so far has attracted only one seemingly serious bid. The building's problems include seismic bracing, electrical and plumbing replacements.“This has not been easy, let me tell you,” Anderson said of the sales process. Discussions occurred with local preservation experts to see if anyone was interested in buying the Beaux-Arts architectural landmark. The responses, he said, amounted to, “Thanks, but no thanks.”
The question arises, however, as to whether Founders Development Inc., has the architectural chops to pull it off successfully.
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