New hope for Hynix plant? Developer: E-commerce zone key
EUGENE, Ore. - When South Korean semiconductor manufacturer Hynix announced plans to cease operations in West Eugene in 2008, more than 1,100 jobs and a $62 million payroll disappeared from the community.
The plant has stood vacant ever since.
Now a proposal passed by the Oregon House and under review by the Oregon Senate could create a new opportunity for the empty plant.
House Bill 4005 would expand Oregon's so-called "e-commerce zones" from 10 to 15.
The designation carries tax credits for capital investments and a local property tax abatement.
Mike McKernan of Seattle said his development team has plans to redevelop the Hynix plant into a technology office building.
He said if the bill passes, he expects to close a deal on the Hynix plant within 90 days.
"I don't think that's unreasonable to think that as the site develops and fills up--there would be that many jobs, and maybe more," said Lively.