North Country
3:13 pm
Wed June 27, 2012

Florida Firm Plans To Buy Old Groveton Paper Plant

A Florida businessman says he plans to buy the closed Groveton paper mill, tear down most of the buildings and look for buyers or tenants for the remaining structures.

David Boshart, who heads up Groveton River Development of Naples, Florida, said he hopes to close on the 107-acre property in about two weeks.

The current owner is Groveton Acquisitions LLC, the parent company of which is based in New Jersey.

“We are going to preserve as many buildings as we can for lease or resale,” Boshart said in an interview.

But he says about 80 percent are in such bad shape they’ll have to be torn down.

Boshart’s firm, Groveton River Development, is associated with Steel Recovery Solutions, which specializes in demolition and salvage projects.

He says prices for the materials that could be salvaged have dropped in recent months. That means making money on the project will require finding people to either lease or buy the buildings that are left standing.

Local officials, working with the North Country Council, have been working for years to find a use for the facility that would bring jobs back to the area.

So far about $700,000  – mostly in federal funds or grants - has been spent on consulting fees.