After uproar, Google executive to sell Oregon home

A venture capitalist has opted to sell his recently purchased northwest Portland home to neighbors instead of demolishing it.

Kevin Rose is a general partner for Google Ventures.

Earlier this year, he paid $1.3 million for a house built in 1892. He initially planned to renovate the old place. When that proved costly, he decided to tear it down and build a 5,900-square-foot home with a modern design.

That outraged neighbors who didn't want the historic home demolished. An to save the home garnered 3,000 signatures, but was expected to start this week.

On Tuesday, Rose agreed to sell the home for $1.375 million. He said in a statement that he and his wife did not want an adversarial relationship with their neighbors and new city friends.

© 2014 The Associated Press. All rights reserved.

Citation: After uproar, Google executive to sell Oregon home (2014, June 25) retrieved 28 March 2024 from https://phys.org/news/2014-06-uproar-google-oregon-home.html
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