Metro turned in a letter of intent to buy the Blue Heron paper mill site, without a specific dollar amount.
Metro turned in a letter of intent to buy the Blue Heron paper mill site, but it did not include a specific dollar amount.
The deadline for submitting offers on the defunct Blue Heron paper mill passed Wednesday afternoon and it’s not clear whether anyone made a bid on the 23-acre Oregon City site or a larger riverfront parcel in West Linn that contains a 15-acre aerated lagoon.
The property became available after the Blue Heron Paper Co. went out of business in February. A U.S. Bankruptcy Court trustee, Peter C. McKittrick, is responsible for selling the company’s assets.
In a letter to McKittrick, Metro’s Chief Operating Officer, Martha Bennett, outlined factors that could significantly increase redevelopment costs and explained Metro’s vision for the property.
Read more at OregonLive.com.
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