PORTLAND, Ore. (KOIN 6) — At the gates to the historic Laurelhurst neighborhood in Portland sits a home that may be demolished in late September by a developer who plans to put two homes on the site.
But neighbors in this Northeast Portland area are asking for donations to help someone else buy the house and save it from the wrecking ball.
John McCulloch is willing to pay up to $600,000 for the house. But the developer who currently owns it, Peter Kusyk, wants $700,000.
Neighbors like Jennifer Moffatt are trying to find $100,000 for McCulloch, but they have to find it by September 22.
The developer said the home is in such bad shape he wants to tear it down. McCulloch, though, said he’s excited by the possibilities.
“Absolutely what I live for is these big remodels,” he said. But the $600,000 he is willing to pay is the break-even point.
“I’m willing to work for a year on this house without compensation to do the right thing for the neighborhood,” he said.
So Moffatt and her neighbors are circulating a petition to raise the difference to get the house into McCulloch’s hands.
“Really the main concern is maintaining the integrity of the home and the community,” Moffatt said. “I think this is the only way we can really save the home.”
If they don’t raise the extra $100,000 by September 22, the developer said he will move forward with the demolition. If the deal doesn’t go through, Moffatt said all the donated money will be returned.
“I’m optimistic, always,” she said.