115 year old B.C. sawmill to close due to ‘disproportionately high’ tax bills
By PJ Boyd
The Flavelle sawmill – which begun operations on a 14-hectare plot of B.C.’s Port Moody waterfront in 1905 – will be closing at the end of October due to high municipal property taxes and increased water lot lease rates, reports the Vancouver Sun.
The mills property taxes rose to $2.4 million in 2019 from its previous $1.6 million tax during a time that the mill saw an increase on their water log lease rates that it uses for log storage on the Burrard Inlet. Together, the tax bills have amounted to almost $3 million.
The company’s executive vice-president, Bruce Rose says that these tax increases are not economical. “There is just no rationale to invest any more money in this and attempt to get any return,” he said.
The mill broke the news to its 70 employees on Monday afternoon.
Read the full story here.