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The assets of Columbia Pulp I, LLC were sold for $3.7 million to satisfy some $246 million in bonds held by trustee UMB Bank, N.A. A local start-up company successfully bid on the Lyons Ferry property and the plant located in Pomeroy.
SEATTLE–The sale of the assets of the defunct straw-to-pulp Columbia Pulp I, LLC is complete except for a judge's final order approving distribution of the funds, and there's good news for Columbia County: tax obligations owed to the county are first in line for payment from the proceeds of the sale.
A hearing on a motion that would authorize distribution of the proceeds by receiver Paladin Manage...
