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Clearwater Paper Corp. has completed the sale of its Lewiston sawmill to Idaho Forest Group of Coeur d'Alene.
The $30 million transaction included the sawmill, planer mill, dry kilns, and related assets along with log and finished goods inventories and timber under contract.
As part of the sale, the two companies have entered into a long-term fiber supply agreement with the goal of delivering consistent supplies of chips and sawdust to Clearwater Paper's Lewiston pulp mill from Idaho Forest Group mills.
More Info: Hinson said he’s heard concerns that the land swap is a “North Idaho giveaway” to benefit residents of southern Idaho. To address those concerns, Idaho Forest Group is willing to put an easement on the land requiring public access in perpetuity, said Bob Boeh, a company vice president. State Sen. Joyce Broadsword, R-Sagle, said she supports the swap for its economic development potential. Idaho Forest Group estimates that the BLM ground contains 80 million to 100 million board feet of timber.
Question: Do you think this proposed land swap gives away North Idaho public land? Or is a good deal because it puts that land on tax rolls and public access will be guaranteed?