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LITHIA MOTORS TO BUILD $150 MILLION URBAN REDEVELOPMENT PROJECT

MEDFORD, ORE. — Medford-based Lithia Motors Inc. has partnered with Medford Urban Renewal Agency (MURA) to develop The Commons, a six-block urban redevelopment project located in Medford. The development will feature Lithia’s new headquarters, as well as several mixed-use buildings that will accommodate commercial office space, retail shops, restaurants and residences. Additionally, the project will feature a parking garage and three new parks for residents and visitors. The $150 million project is slated for completion by 2010. Once completed, Lithia’s headquarters will house 550 employees and seek LEED certification.

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