Langley Investment Properties hopes to develop a mixed-use project on the Blue Heron mill site.
Portland-based Langley is offering to buy the 23-acre Oregon City property in a deal that gives the company 24 months to complete the purchase.
"We think there's a true public-private development opportunity here for a very special piece of land. We need time to develop all the public-private partnerships to develop it correctly," Thornton said.
Read more at OregonLive.com.