Elk Falls Workers

Campbell River B.C.

Catalyst reports reaching agreement on sale of Elk Falls Site….

Last week Catalyst Paper announced an agreement it reached with Pacifica Deep Sea Terminals Inc for the sale of the Elk site. The $8.6 million deal is expected to close by September 5, 2012.

Pacifica Owner and Director Harold Jahn, says they “intend to transform it into a dynamic industrial park and port facility with the goal of creating 400 full time jobs in the Campbell River region over the next three years.”

This could be good news for Campbell River, tell us what you think?

August 20, 2012 - Posted by | General

7 Comments »

  1. Coal port?
    Delores

    Comment by Delores Broten | August 21, 2012 | Reply

    • Quinsum Coal already has a “coal port”.

      Comment by mike | August 22, 2012 | Reply

      • True. But its a shuffle to get it to texada…..and Raven down here is probably not going to get the Alberni one…..

        Comment by Delores Broten | August 22, 2012

  2. Sounds promising….wondering about the type of jobs that will be created there and what kind of corporate citizen Pacifica will be?

    Comment by mike | August 20, 2012 | Reply

  3. Catalyst Restructure plan fails… Sale process to begin.

    its great to hear the place has been sold, and the new prospective buyer has plans for it, BUT how deep are his pockets when it comes to the clean up of the property after 50 years of use? The tearing down of any of the old buildings and the construction of the new businesses and all the associated tie ins to get his vision of the new elk falls site, up and running. Will CR taxpayers be on the hook for some or all of this? He says there will be 400 jobs for CR, I hope this to be true and hopefully sooner than later.CR is still home even though my address is in Alberta. Please keep us informed, best wishes to all. jim

    Hi Jim – Don’t think you are the only one with questions. In the Catalyst news release they said ” equipment has been decommissioned and demolition work has been completed to prepare the site for sale and redevelopment to other industrial uses”. From what I have been told they have hi-graded the site for the highest value metals, or usable equipment, and have left asbestos filled buildings, and any number of other environmental issues for someone else to look after in the years to come.
    I don’t believe the government should allow the site to be sold to someone that doesn’t have the financial means to clean it up, and even then, part of the sales agreement would be the new owners commitment to do so.
    Call me a skeptic, but I’m sure I’m not the only one that remembers the promise of an electric car plant coming to town. And how the town was abuzz about all the jobs, and how it was going to improve things in our town… At least we ended up with an industrial park. – Ian

    Comment by Jim Winnig | August 20, 2012 | Reply

    • Thank you for your insight Ian. Time certainly will tell, and as my dad says” money talks, bs walks.”

      Comment by jim winnig | August 20, 2012 | Reply

      • Ian , Have you heard anything on the long term disability arbitration that happened last Nov. Hopefully something good will be coming of that, its getting close to a year old.
        Barry, I know it’s been over 8 months since the arbitration was heard, but when Catalyst went into CCAA, everything ground to a stop. The approval of the restructuring and exit from CCAA is getting close. Once that happens, I expect we will hear something from the arbitrator. – Ian

        Comment by Barrie Falk | August 27, 2012


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