Part of a vacant paper mill in northeast Wisconsin is under new ownership. New Page Corporation sold the hydroelectric facility to Chicago-based Northbrook Energy. Congressman Steve Kagen says the sale will benefit the area with tax revenue for the city and Marinette County.
The Democratic House member has been calling on New Page to sell the plant since the company shut it down last year leaving hundreds without jobs. Kagen is hoping that down the road, Kagen will sell the entire facility to a non-competing paper manufacturer.
The deal is not expected to create any jobs, but could help a mill sale in the future.