Port of Vancouver to purchase aluminum smelter site
The Port of Vancouver USA has signed letters of intent with Alcoa Inc. and Evergreen Aluminum LLC to purchase a former aluminum smelter and aluminum fabrication facility property for $48.25 million.
'This property is one of the last waterfront industrial sites of its size available on the West Coast,' said Larry Paulson, the port's executive director, in a statement. 'It will allow the port to capitalize on exploding growth in international trade to generate economic value and nearly 5,000 new jobs for our community.'
Alcoa and Evergreen Aluminum LLC are the owners of the 218-acre site located on the Columbia River between current port operations and its future development at Columbia Gateway. Evergreen Aluminum owns the smelter, which includes 111 acres. The port will pay $24.5 million for that portion of the site and $23.75 million for the remaining acreage and dock facility that are owned by Alcoa.
Opened in 1940 by Alcoa, the facility supplied aluminum for military needs during World War II and the Korean conflict, and later for international and domestic markets, such as the aerospace and electrical equipment industries.
Port of Vancouver to purchase aluminum smelter site
