Wood Business

Industry News News
Pacific West wins round one

Richmond County has lost the first round in its tax fight against the prospective buyer of the idled paper mill in Point Tupper, N.S.


September 17, 2012
By John Tenpenny

Nova Scotia Supreme Court Justice John Murphy ruled Pacific West can go forward with its legal argument to back out of the 10-year deal setting out annual property taxes.

The judge ruled provincial legislation enacting the 2006 deal merely authorized an agreement between the mill’s former owner, NewPage and Richmond County. The county argued the deal could not be altered because it is enshrined in provincial legislation.

Pacific West and the county will be back in court on Sept. 13 to present their cases.

Warren Olsen, CAO of Richmond County, downplayed the importance of Tuesday’s court ruling, calling it a “procedural” motion.

Advertisment

Click here to read the full article.