BP West Coast Products has made an offer on the 25 acre property of the Linnton Plywood Association reports Anne Saker in The Oregonian.
BP company spokesman Michael Abendhoff said BP officials are talking with federal and state regulators to satisfy environmental questions about the land before the sale.
“It’s premature to talk a lot about what we’re going to do with it,but Mr Abendhoff said BP isn’t likely to build anything on the property anytime soon.
The Linnton Plywood Association, for 50 years Portland’s only plywood mill, has been closed since 2001. But for years before the closure, Linnton residents campaigned with city officials to do something different with the stretch of land in the neighbourhood’s heart, sandwiched between the Willamette River and Northwest St Helens Road.