Trustee to inform judge Thursday who won auction for Ponderay Newsprint
April 27, 2021 Updated Tue., April 27, 2021 at 4:31 p.m.
The bankruptcy trustee in charge of the auction of the Ponderay Newsprint mill in Usk asked for a court hearing on Thursday to name the apparent winner.
Trustee John Munding did not return messages left seeking comment , but he has requested a hearing for 11 a.m. Thursday before U.S. Bankruptcy Judge Frederick Corbit. The purpose of the hearing is to inform the judge which bidder won the auction and to set a hearing for the final sale, according to court records.
Up until the auction Friday, negotiations failed to find a new owner for the 927-acre property, which consists of 29 buildings and storage facilities and is adjacent to the Pend Oreille Valley Railroad and Pend Oreille River. What was once among the largest employers in Pend Oreille County was listed for sale in December for $11.5 million.
Local journalism is essential.
Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.
Subscribe now to get breaking news alerts in your email inbox
Get breaking news delivered to your inbox as it happens.