The Oregon International Port of Coos Bay has moved forward on plans to buy the former Georgia Pacific Mill site.
The port, which recently entered into a purchase and sale agreement with privately-held real estate acquisition and development firm CDC (Commercial Development Company) Inc. of St. Louis, Missouri, aims to revitalize the property to bring goods movement and jobs back to the space.
Both parties will enter a 60-day due diligence period and hope to close the sale before year’s end. Once finalized, the port said it plans to have additional environmental, permitting, engineering and design work done before construction.
“With this facility back in service, it is anticipated that it will bring with it the addition of well-paying family wage jobs to the area including longshore labor, yard workers and cargo handlers, as well as additional rail line crews,” said port CEO John Burns.
Cargo could arrive as early as mid-2023, according to the port.