ELT Announces Acquisition of Retired Coos Bay Saw Mill, Plans Demolition, Liquidation, Redevelopment |
CDC has announced the acquisition of a 162-acre retired lumber mill property in Coos Bay, Oregon. The transaction included the acquisition of real estate, machinery & equipment, and assumption of environmental liabilities. ELT facilitated the transfer of environmental liabilities.
CDC will now perform demolition, liquidate surplus equipment, remediate environmental issues, and prepare the site for redevelopment.
The property includes two private rail spurs connecting to Union Pacific rail lines, heavy power, and easy access to US Route 101. Additionally, the property has outstanding potential for international shipping operations and development with access to Pacific Ocean shipping channels via two onsite docks – a 1,200-ft deepwater dock and a 200-ft concrete dock. The property is also located in a Foreign Trade and Enterprise Zone.
“We are excited to continue our acquisition efforts in the Pacific Northwest” said Adam Kovacs, Vice President at ELT. “Our acquisition of the Coos Bay lumber mill is the first step to repurposing the property and moving it back into productive use – the site has outstanding port development attributes and we are looking forward to the environmental and economic benefits that this transaction brings to the region.”
Liquidation of Machinery & Equipment
CDC affiliate Industrial Asset Recovery Group (IARG) will be managing the liquidation of machinery & equipment from the retired lumber mill. Interested parties can contact Stuart Millner at 314-835-2812 or smillner@industrial-recovery.com.
About the Lumber Mill
Built in 1994, the Coos Bay lumber mill operated for 25 years and produced 1,000,000 board feet of dimensional lumber per day.
|
|
Acquisition Announcement
ELT/CDC Announce Purchase of Retired Saw Mill
POWER Magazine
Retired Plant Decommissioning Tips to Save Time, Money, and Hassle
Liquidation Projects
IARG Announces Two Liquidation Project
ELT Acquisition Criteria
Seeking Environmental Liabilities & RE Assets in All Sectors
|
|
Robust Indemnification and Environmental Guarantees Found Nowhere Else in the Market
ELT has successfully assumed nearly $2 billion USD in corporate environmental liabilities for clients - and has never defaulted on an obligation or given a site back to the seller/PRP. Additionally, over 90% of ELT’s assumed liabilities have achieved final environmental milestones or are in the last stages of regulatory closure. This experience is critical when choosing a partner for environmental liability management.
If you have an industrial asset or environmental liability you would like considered by ELT, please contact us today for a confidential and no-cost value proposition.
|
|
|
Retired Plant Decommissioning Tips to Save Time, Money, and Hassle |
All power plants have a finite useful life. Thus, there will come a time at every facility when the unit must be retired and the decommissioning process undertaken. Decisions must be made on who will do the work, how long to allot for the job, and what to do with the site in the end. Fear not, however, there are best practices your company can follow to ensure everything goes smoothly.
Randall Jostes, CEO of Environmental Liability Transfer Inc. (ELT), a comprehensive environmental liability assumption company that acquires retired facilities, handles the decommissioning activities, and repurposes the sites, agreed. “We start with the reuse in mind. In other words, we have internal land planners that look at the market—look at the infrastructure of the site—to determine its highest and best future use,” he said.
“It’s a matter of putting a compelling economic equation in front of these utilities, showing them that our process is economically superior. And it’s quicker. And it’s guaranteed,” Jostes said. He noted that many of the communities affected by a plant closing have lost jobs and are looking for redevelopment. “We have all of that in-house,” he said. “Instead of going out to market, the utility really is getting everything that is required to decommission, reposition, and redevelop the site in one company.”
|
|
Image: In 2018, ELT assumed the environmental liabilities at the retired 1,600-MW coal-fired Brayton Point Power Station in Somerset, Massachusetts. Today, the site is being transformed into a world-class logistical port and support center, which will be capable of component manufacturing, staging, operations, and maintenance for offshore wind and other related sectors. |
|
Industrial Asset Recovery Group
Current Liquidation Projects
|
CDC's many ongoing brownfield redevelopment projects have resulted in a bevy of surplus machinery and equipment - now available for purchase. Industrial Asset Recovery Group manages this process and is pleased to present two liquidation events this month. |
|
|
Former Coos Bay Lumber Mill
Assets from the retired Coos Bay lumber mill in Coos Bay, OR.
Dates: Ongoing
Location: Virtual & In-person
|
|
|
Former Newberg Paper Mill
Assets from the former paper mill and manufacturing facility in Newberg, OR.
Dates: Ongoing
Location: Virtual & In-person
|
|
|
ACQUISITION CRITERIA
Seeking Industrial Real Estate Assets and/or Environmental Liabilities
|
ELT has successfully assumed nearly $2 billion USD in corporate environmental liabilities for clients - and has never defaulted on an obligation or given a site back to the seller/PRP. Additionally, over 90% of ELT’s assumed liabilities have achieved final environmental milestones or are in the last stages of regulatory closure. This experience is critical when choosing a partner for environmental liability management.
If distressed real estate and liabilities are impacting your operations, transactions, or balance sheet, please contact us for a confidential discussion.
|
|
ELT's core offering includes: |
- Environmental Liability Transfers
- Brownfield Real Estate Purchase
- Liability Transfer + RE Purchase
- Guaranteed Cost Certainty
- Corporate Indemnification
- Maximum Value for Retired Assets
- Transfer of Regulatory Obligations
- Transfer of Post-Closure Obligations
- Sustainable Redevelopment Planning
- Sale / Leaseback Options
- Preservation of Legacy & Brand
|
|
Environmental Liability Transfer, Inc. (ELT), along with four distinct affiliate companies under common ownership, have become one of the most impactful brownfield redevelopment and environmental remediation and consulting firms in North America.
By leveraging the core competencies of its affiliate partners, ELT now has the ability to consolidate multiple elements of brownfield redevelopment into ONE comprehensive value proposition - Real Estate Purchase, Environmental Liability Assumption, Fixed Price Environmental Remediation, Demolition, and Liquidation Services.
For more information on ELT or our affiliates, please visit our websites (right) or download ELT's Brownfields Brochure.
|
|
|
For more information about anything in this newsletter or to schedule a confidential discussion regarding your environmental liabilities or brownfield properties, please contact us.
John Kowalik
Phone: (314) 835-2813
|
|
|
|
|
|
|
