The port's purchase of the 107-acre parcel was to close March 31, but Pittsburgh-based Alcoa halted the $23.7 million deal after the Washington Department of Ecology rejected an Alcoa mitigation plan for the property. According to a petition filed by port officials Friday in Clark County Superior Court, the WDE rejected an Alcoa plan to clean up groundwater contamination on the parcel and recommended another solution, which port officials estimate could cost Alcoa tens of millions of dollars.
The port, concerned that Alcoa may attempt to pass the additional costs on to the port, is seeking mediation under a clause in the original deal.
Alcoa contends the conditions of the special clause forcing mediation have not been met.
The court has scheduled a hearing on the port filing for May 2.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now