Sale of former K-C tissue paper mill site in Everett, Washington, falls through as company fails to come to agreement with interested buyer over who would be responsible for environmental cleanup of 66-acre property
May 9, 2014
(Industry Intelligence Inc.)
Seattle, Washington-based transportation and distribution company Saltchuk Resources Inc. said in an April 30 press release that the purchase and sale agreement for the property had been terminated.
The two companies appear to be still talking, but Saltchuk spokesperson Emily Reiter said an agreement on terms and conditions would have to be reached before Saltchuk would resume negotiations.
Family-owned Saltchuk considers the deepwater port at K-C's waterfront site in Everett ideal for expanding the shipyard operations of its subsidiary Foss Maritime Co., the Snohomish County News reported.
K-C plans to promote the property right away, company spokesperson Bob Brand told the Snohomish County News. The mill was closed in April 2012 due to a company consolidation.
Arsenic and cadmium levels in debris left from the mill’s buildings were found in higher-than-expected levels by a demolition team last year. The nearby waters are contaminated with woodchips and other toxins.
In a joint statement, Saltchuk and K-C stated that they could not agree on how to allocate “risks and responsibilities for certain soil stability, seismic and environmental conditions” as they concern Saltchuk’s proposed use of the site.
K-C, with help from Washington’s Dept. of Ecology, is working to clean up the property, reported the Snohomish County News.
The primary source of this article is Snohomish County News, Snohomish, Washington, on May 7, 2014. Click here to view full version of primary source's original article.