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Langley withdraws from Blue Heron site

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Tuesday, February 04, 2014

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

 

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