J.M. Longyear company buys Minnesota mill

Usually, it’s news about a redeveloped project here in the U.P. that we’re sharing. But this is an example of a U.P. company buying an old property in Minnesota to redevelop instead.

Excerpt: There may be hope for the shuttered Ainsworth lumber mill in Grand Rapids, which closed three years ago, a victim of the housing market crash and the Great Recession.

The J.M. Longyear company of Marquette, Mich., has signed a purchase agreement for the 120-acre site, and will take control of the mill in 2014.

For the whole story go here.

Source: Minnesota Public Radio