The Nova Scotia government is adding $117.7 million in debt to acquire a huge swath of private forest land formerly owned by Resolute Forest Products. The mega-deal was announced Monday night and will give the province control of 220,000 hectares of woodlands, along with Brooklyn Power and the former Bowater mill factory site. CKBW/HANK FM’s Steve MacArthur has the details.
Dexter says acquiring the assets is necessary in order to revive the forestry industry and “generate jobs and wealth in the province.” The premier will unveil details of the Resolute deal at a forum later today in Halifax.
