The announcement late Monday afternoon answered one question and created a list of new ones.
Yes, the Fort Frances paper mill was sold to Riversedge Developments. But what does that mean?
Now we will wait for an announcement from Justus Veldman, the president of Riversedge Developments, to fill us in on their intentions.
Riversedge Developments is a company that has redevelopment experience with another Resolute mill in Iroquois Falls, the St. Mary's paper mill in Sault Ste. Marie and the Norampac Paper mill in Red Rock.
Riversedge has been involved in other redevelopment projects, notably the Northern Brewery block in Sault Ste. Marie, and a rubber factory in Welland, Ont.
But aside from this knowledge, we wonder:
Will the mill and property be flipped to a new company producing product from the kraft mill and paper machines?
Will some parts of the plant be retained while other parts are dismantled and torn down?
Will we watch as the machinery is removed from inside as Riversedge did in Iroquois Falls and then leave a mess behind?
Will parts of the property be maintained for production of steam and electricity?
It is noted in the town's press release that other parties are interested in the project. What does that mean?
The questions will grow and rumours will fly until the purchasers of the Fort Frances paper mill reveal who they are and what their plans are for the future of the buildings and equipment.