The Port of Ridgefield,
located in southwest Washington state, is selling 5.6 acres to an Oregon company
that says it plans to build an 80,000-square-foot steel processing, assembly and
storage plant.
The port announced July
20 that it was selling the acreage for $904,000 to Portland-based steel manufacturer
Alliance Industrial Group.
Under the terms of the sale,
Alliance will pay the port $90,400 when the sale is closed, then make monthly payments
over 25 years to pay off the remainder of the cost of the parcel, which is located
near the port’s industrial park.
Alliance says the new facility
will store, process, assemble and coat steel products for various customers throughout
the western U.S., including industrial plants and transportation hubs. The company
says it expects to employ up to 160 employees at the new site, which is expected
to be operational by July 2013.
The Port of Ridgefield,
which covers about 57 square miles, or roughly 36,480 acres, sits in the northern
section of Clark County in southwest Washington State. It’s a few miles north of
Portland, Oregon and about a two-and-a-half hour drive from Seattle, which is 160
miles to the north.
