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MEDIA CONTACT:  
Catherine Soper
Public Affairs Manager
425.388.0680
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Port Presented Proposal For Riverside Business Park

Post Date:01/18/2005

On January 14, 2005, Sierra Pacific Industries of Redding, California, presented a Letter of Intent to the Port of Everett for the purchase of the Port's Riverside Business Park for the construction of a fully computerized, state-of-the-art sawmill complex and an electricity co-generation plant. Family owned, Sierra Pacific Industries, founded in 1949, has 12 sawmills in California and one sawmill in Aberdeen, Washington and is one of the largest private landowners in the United States.

The proposed project would employ over 200 full-time employees, plus another 220 indirect jobs in the local community. The company utilizes providers such as timber companies, loggers, truckers, equipment suppliers, parts and material suppliers, and tire companies. In addition, businesses such as restaurants, markets, gas stations, doctors and hospitals would benefit.

The total cost of this proposed project is estimated to range from $60 to $100 million. Employment as a result of the construction phase of the new mill complex by contractors could have a very positive economic effect on the Everett area.

On Tuesday, January 18, during the Port's Commission meeting, representatives of Sierra Pacific Industries presented the Letter of Intent to the Everett Port Commission for consideration.

The Riverside Business Park was the former home of a Weyerhaeuser mill that closed in 1986. The Port purchased the site in 1998 to cleanup the site and return it to productive use. The Port of Everett was established in 1918 to promote economic development in the greater Everett area. The Port includes deep water terminals and a recreational marina and is active in economic development.

For further information, please contact Eric Russell, the Port's Director of Properties, at (425)259-3164.

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