Alcoa sells 107-acre parcel to Pacific Northwest port
The Port of Vancouver Commission Tuesday unanimously approved an agreement to purchase the 107-acre industrial, waterfront property owned by New York-based Alcoa Inc. for just under $24 million.
Officials of the Washington state port and aluminum-producing giant Alcoa reached a general agreement on the purchase and sale in January. The parties signed a letter of intent Feb. 1 and negotiations since led to Tuesday's final agreement. The agreement calls for the transaction to close in the first half of 2008.
In addition to the property, the deal also transfers ownership to the port of Alcoa's alumina unloading dock, silos, conveyors, rail load out and accessory structures and equipment for the operation of the unloading facility.
The agreement calls for the site to be cleaned by Alcoa to Model Toxics Control Act (MTCA) industrial standards — enforced by the Washington State Department of Ecology.
Alcoa sells 107-acre parcel to Pacific Northwest port
