Thursday, December 1, 2011

Resolute Forest Products

The first meeting of what could be a lengthy process has been held in Abitibi-Bowater's appeal of the assessed value of its Fort Frances mill property.


The province's Assessment Review Board held a teleconference this week and set dates for future meeting for next spring.

The company, now known as Resolute Forest Products, feels the value of its properties for last three years was assess too high.

The town has said it stands to lose as much as 800-thousand dollars in taxes if the company wins its case.