Langley Investment Properties has decided not to pursue a project at the bankrupt Blue Heron Paper Co. mill.
Langley Investment Properties has decided not to pursue a project at the bankrupt Blue Heron Paper Co. mill.
One deal for the site has already collapsed. Eclipse Development of California prevailed in a bankruptcy auction but was unable to raise the $4.1 million needed to close the deal.
If another buyer is found, the developer will face a tangle of permitting and structural challenges.
Read more at Portland Business Journal
