Monday, April 02, 2012
Clackamas County's Water Environment Services is expected to be announced as the new owner of the bankrupt Blue Heron Paper Company's West Linn property.
The deal is set to be formally announced today in U.S. Bankruptcy Court in Portland. Water Environment Services submitted a $1.75 million bid for the West Linn property with an interest in obtaining the site's outfall permits. It would allow the county to release treated wastewater into the Willamette River from the property.
The Oregon City-based Blue Heron filed for bankruptcy protection in late 2009 and closed in February 2011, putting 175 employees out of work. The fate of the 23-acre primary mill site is still unclear. Metro has been the only publicly announced serious prospective buyer, but has only submitted a letter of intent to buy the property.
Read more at OregonLive.com.