Developer says Catalyst deal will close Oct. 19

Two sale closure dates, Sept. 5 and 19, were missed since the deal was announced in August

Alberta developer Harold Jahn says his $8.6 million deal to buy the abandoned Catalyst Paper Elk Falls Mill site will close Oct. 19 and he will be on site the following week doing business.

Two sale closure dates, Sept. 5 and 19, were missed since the deal was announced in August, but Jahn says the work of lawyers on both sides of the deal “transferring licences and leases” is just about complete.

Jahn was in Campbell River last weekend and had a brief meet and greet with Mayor Walter Jakeway.

“He didn’t give me any new information,” the mayor said. “I asked him if he owned the land and he said ‘no’ he doesn’t. It’s a very strange deal. It would be nice to know what’s going on.”

Reached on his cell phone, the 42-year-old Edmonton-based businessman said: “I have been meeting with existing tenants and we’re working with 20 or 30 prospective new tenants.”

He said confidentiality agreements prohibit him from elaborating, however, he said a list of new tenants should be on the website of his company, Pacifica Deep Sea Terminals, by Oct. 21.

Jahn said: “A group of us will be at the site during the week of Oct. 22 using former Catalyst offices at the main gate.” He said there will be forms available for prospective employees to fill out and they will be forwarded to lessees. There will also be an “open house” in November, he added.

In August Jahn said he would bring some of his existing companies to the new industrial park including a developer of algae based solar cells, a lithium battery manufacturing facility, an ocean wave energy equipment fabricator and an electric vehicle assembly plant.

“I hope to locate the lithium battery plant in one of the former paper machine buildings,” he told the Mirror this week. “We’ve also met with four or five aquaculture companies and we are talking about converting four clarifier tanks for aquaculture uses.” The tanks are 100 metres in diameter and have a 30-million-litre capacity, he said.

The whole issue of environmental clean-up remains somewhat clouded. The developer originally said Pacifica Deep Sea Terminals would accept “all environmental liability” for the 400-acre site. That assurance came after the Mirror obtained a memo written by BC environment ministry senior contaminated sites officer Vincent Hanemayer which states that “the Elk Falls Mill has been identified as a contaminated site by the ministry and prior to redevelopment contamination would have to be assessed and addressed.”

This week Jahn said: “Our intent is to use as many of the existing buildings as possible.” He acknowledged that some of the older buildings have asbestos issues and said that lessees planning on doing improvements will be expected to develop remediation work plans … “or we may have to do that.” Regardless, Jahn said he foresees no permitting issues.

City Manager Andy Laidlaw has said he has no information about specific contaminates, but he has confirmed that Jahn will have to get provincial sign off before any development permits can be issued.

Just Posted

Habitat for Humanity North Island wants to keep momentum going

Organization asks City of Campbell River for more land to build homes for young families

28 townhouses on the way to 525 Dogwood

Council approves latest phase of development, but not before expressing traffic concerns

Diver discovers possible historic anchor off Campbell River

The rusted, barnacle-encrusted anchor was wedged into the bottom off Quadra Island… Continue reading

Leigh wants Strathcona Regional District budget amended over water rates

Area D Director cites punitive water rates as a reason to slow down process

Cold weather puts pressure on homeless shelters in Campbell River

Salvation Army and Sobering Centre offer a total of 40 beds

Trudeau’s principal secretary, Gerald Butts, resigns amid SNC-Lavalin furor

Butts categorically denies the accusation that he or anyone else in the PMO improperly pressured former attorney general Jody Wilson-Raybould

Lost a ring? This B.C. man will find it for you

Chris Turner founded The Ring Finders, an international directory of metal detector hobbyists

Poverty coalition has high hopes for B.C. poverty reduction strategy

Funding allocation expected to be released with 2019 budget

‘How did we get here?’: B.C. mom of transplant recipient worries about measles outbreaks

Addison, 7, cannot get a live vaccine because she has a heart transplant

Steelhead LNG stops work on Kwispaa LNG project near Bamfield

Huu-ay-aht First Nations ‘deeply disappointed; Steelhead says funding is the problem

NDP Leader Jagmeet Singh calls for public inquiry over SNC-Lavalin questions

Vancouver member of Parliament Jody Wilson-Raybould resigned from cabinet last week

Canadian airlines waiting for guidance from Ottawa over X gender option

Major U.S. airlines said they will change their process so passengers can identify themselves along non-binary lines

Moose Hide campaign takes message to Canadian schools

Campaign launches new K-12 education platform

‘Violent’ B.C. man wanted on Canada-wide warrant

Prince George man with ties to Vernon sought by police

Most Read