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Clock ticking on Madison Meadow
The Register - Guard - Eugene, Or.
Author: Edward Russo The Register-Guard
Date: Apr 5, 2007
Start Page: C.1
Abstract (Document Summary)

[Eric Frye], a New York City resident whose late father had owned the land, was sensitive to the neighbors' concerns about development, said Linda Prier, the earliest Madison Meadow organizer.

Volunteers worked hard to raise money. With the help of a $100,000 anonymous donation and several smaller contributions, the group in 2005 paid the Niedermeyers $216,000, including interest, to buy the land. The group also assumed the Frye mortgage.

Since then, the group has been making interest-only mortgage payments to Frye. They owe Frye a balloon payment to pay off the mortgage at the end of December.

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