East Millinocket closes on $1.45M purchase of former Great Northern mill site
File photo
The former Great Northern paper mill in East Millinocket, shown here in 2016, has been acquired by the town for $1.45 million.
The town of East Millinocket has acquired the long-defunct Great Northern Paper Co. mill within its borders for $1.45 million.
The town on Tuesday acquired the 215-acre property from Katahdin KI 50 LLC after striking a deal in April, according to a news release. Negotiations began over a year ago.
The purchase was funded through a series of grants, including $250,000 from the Northern Border Regional Commission. The seller is a subsidiary of North American Recovery Management, a Florida company that bought the mill property in 2016.
With the closing, East Millinocket can begin plans for redeveloping and marketing the site. Zoned for industrial use, it is situated at 50 Main St., along the West Branch of the Penobscot River, and contains 222,200 square feet of reusable space in the mill and several other buildings.
The town has hired a New York company, Metro Industrial Wrecking and Environmental Contractors, to work with Katahdin KI 50 in demolishing the mill’s steam plant and biomass facility over the next 18 months, according to the release.
East Millinocket intends to seek funding from grants, foundations and low-interest loans to help redevelop the site, with the goal of creating a complex for multiple industrial users.
The mill, which made newsprint, closed in 2013, leaving over 200 workers without jobs. The site was later acquired in a bankruptcy auction.
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