A
California development company has signed a purchase agreement for the historic
Blue Heron mill site at the base of Willamette Falls, an industrial property
deeply rooted in Oregon history. Eclipse Development Group of Irvine, Calif.,
known for mid-level retail projects, is the first buyer to make an offer since
the bankrupt paper mill closed for good in early 2011, putting 175 employees
out of work.
Terms
of the deal were not disclosed, but details will be outlined in paperwork filed
today with the U.S. Bankruptcy Court in Portland, said bankruptcy trustee Peter
McKittrick.
