Redevelopment
In June 2006, Georgia Pacific sold the property (valued at US$37 million) to the Port of Bellingham for $10 in exchange for assuming responsibility for the environmental cleanup of the property. The company retains a lease on the portion of the property currently occupied by the tissue mill operation.
The city and port have entered into a partnership to jointly clean up and redevelop the property, which is to be branded "The Waterfront District." A general plan for the city's waterfront was developed several years ago by the Waterfront Futures Group, and the new Waterfront Advisory Group has been convening to develop a more detailed plan focused on this particular site.
Read more about this topic: Bellingham Waterfront