SITKA, ALASKA The sale of the former pulp dock and warehouse at Sawmill Cove has become a $3-million dollar proposition.
In a purchase agreement approved last night (Mon 6/9/08) by the Sawmill Cove board of directors, the city of Sitka will still refund the $1-million-dollar purchase price of the property – but Silver Bay Seafoods will be compelled to invest another $2-million of its own money for additional repairs within the next ten years.
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