Tuesday, June 16, 2015

County to Purchase Roseburg Property

The purchase of the Roseburg Forest Products Plant located south of Armstrong Street in Louisville by Winston County is nearing completion. The Winston County Board of Supervisors were informed that the sale should be complete later this week.

The facility which has been idle since late 2011 and which was also heavily damaged in the April 2014 tornado is located near ongoing construction of the Winston Plywood and Veneer Facility.

The County's purchase of the property for roughly $2 million will be ultimately financed by a 20 year low interest loan from TVA and Winston Plywood will lease the property to retire the debt over that 20 year period.

The purchase provides access and needed facilities for Winston Plywood and a possible site for future expansion.