Reared if the facility is built
Walker said negotiations with the city are still underway and there are quite a few steps involved before the prospect of breaking ground. He said the company’s plans are straightforward once the water resources are proven to be what the company requires. Walker favours coho salmon as the species to be reared if the facility is built, and steelhead is also a possibility. He forecast 30 to 50 jobs if the aquaculture facility is built and operating at the mill site.
Another business venture in the Catalyst neighbourhood announced at the news conference is a medical marijuana venture, slated for the mill’s former administration building.
Suzanne Wood, chief financial officer for SVT/THC Ltd., the proponent for the business, said the production of medical marijuana is a new industry. She said her company made forays into establishing an operation in other centres, but after having met with Powell River’s mayor and council, her company thought local politicians here had the foresight and ability to look ahead to an industry that is not well understood.
“Let’s face it, it’s controversial, but they knew that this is a multi-billion dollar industry that I believe is going to bring a benefit to the city.”
She said the renovation of the old mill office would be a $2.5- to $3-million project, with the prospect of local spinoffs.
“I made a commitment to the mayor and council that we will use local labour and local resources whenever possible,” Wood said.
She added her company has first right of refusal on other lands and locations in Powell River to which it would intend to expand.