HASSO HERING

A perspective from Oregon’s mid-Willamette Valley

CARA opts to demolish old Wells Fargo branch

Written June 15th, 2022 by Hasso Hering

The former Wells Fargo bank in downtown Albany is to be demolished and the site offered for sale to a developer who would build apartments.


On Wells Fargo site, a setback for CARA

Written April 21st, 2022 by Hasso Hering

Hopes of rebuilding the former Wells Fargo Bank branch in downtown Albany by adding three floors of apartments have been dashed by the rising cost of construction.


CARA on Wells Fargo project: Keep going

Written February 17th, 2021 by Hasso Hering

No surprise here: A proposal to redevelop the former Wells Fargo branch downtown will need financial help from CARA, the Albany urban renewal program. And the CARA board appears ready to give it, though no specific dollar amount has yet been asked.


Can the Wells Fargo project be saved?

Written February 21st, 2020 by Hasso Hering

The outlook for the redevelopment of the city-owned former Wells Fargo branch downtown looks uncertain now, but the city council has given the would-be developer three more months to see if the project is financially feasible.

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CARA still coy about Fargo offers, but …

Written May 16th, 2019 by Hasso Hering

Albany’s urban renewal agency continues to be shy about naming the parties that offered to acquire the former Wells Fargo branch in the heart of downtown. But it plans to decide on selling the building to one of them the next time the CARA advisory board meets, which is June 19.


CARA buys former Wells Fargo branch

Written February 1st, 2019 by Hasso Hering

Last October, the Albany City Council authorized the city staff to negotiate to buy the former Wells Fargo Bank branch at First Avenue and Broadalbin Street. On Friday, the city closed on the purchase for $1.5 million.


CARA wants to buy a downtown property

Written October 21st, 2018 by Hasso Hering

Albany’s urban renewal agency will try to buy a downtown property. They don’t want the public to know which one, but it sounds like the building and parking lot of the former Wells Fargo branch on First Avenue.


 
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