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Tuesday, March 20, 2012

Kaiser Aluminum's Mead Smelter site sold

The massive vacant industral site that once housed the massive Kaiser Aluminum Company's Smelter in North Spokane at 2111 E. Hawthorne has now been sold.The buyer of the site is a company going be by New Mill Capital,LLC of New York state. New Mill Capital purchased the site for 1.5 million dollars and plans to develop the land into a large state of the art industral park.There is no word as of now on when construction might begin but New Mill Capital has pointed out they plan to reuse the large buildings on the site to sell to heavy industrial firms and sell off other parts of the vacant land and land that currently houses smaller buildings which they will demolish for new companies. The Mead Smelter site is 183 acres of land in all and is a prime location for such a venture with it's closeness to the new US 395/ North-South Freeway project which will provide a highway link to Canada and points both north and south of Spokane.While this project is clearly in it's early phases it will be exciting to watch as it has the potential to bring lot of jobs to Spokane.It should also be noted that the sale of the Mead Smelter only includes the Mead site and not the Trentwood works in Spokane Valley near Spokane Valley Mall where a project to clean up the enviromental damage is beginning.