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Clallam Bay, WA (2005)

Washington Forestry-Olympic Range Tree Farm

NMTCs financing was necessary for a group of investors wanting to purchase 80,000 acres of forest land in the Olympic Peninsula to restore areas that had been over-harvested, and reverse environmental damage that had previously been done.

Investment

  • NMTC Amount: $8,370,000
  • Total Project Cost: $27,500,000

IMPACT

  • 63 FTE jobs
  • 2,000 Mill Jobs Retained

Investor

Project Description

NMTCs financing was necessary for a group of investors wanting to purchase 80,000 acres of forest land in the Olympic Peninsula to restore areas that had been over-harvested and reverse environmental damage that had previously been done. The land is a source of long-term log and fiber supplies for 11 local mills that employed 2,000 people, and the project would create 50-75 additional full-time positions. The NMTC benefit also allowed for the sale of over 4,000 acres to the Makah Tribe at a significant discount so that the land could be permanently used as a bridge between tribal homelands. 3,200 acres were purchased for the permanent conservation of a pristine habitat.

MAP

Address: 17203 Highway 112, Clallam Bay, WA 98326

Census Tract: 53009000200

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