Thursday, May 6, 2010

Abitibi Land Sale

A Kenora-area developer is hoping to finalize the sale of Abitibi lands in the city by the end of June.

John Gale has been negotiating with AbitibiBowater for months to purchase all their property within city limits.

The original deadline to complete the deal was March 31st, but Gale says both sides agreed to extend the purchase date to June 30th.

He says its been a very complicated deal involving many different parcels land scattered throughout the city.

Gale adds that there are companies that are eager to get on the old mill property to set up shop.