[NEWS] Gainesville, Biomass Company Rejects City’s Offer to Purchase Facility

– by Andrew Caplan, April 7, 2017, Gainesville Sun

GREC-woodpile-1After a lengthy debate over what the city of Gainesville should do with the biomass plant, commissioners voted 4-3 to listen to its Utility Advisory Board and lower its $750 million offer for the facility by $75 million.

In less than 12 hours from that decision, Gainesville Renewable Energy Center president Jim Gordon rejected the offer.

He was brief in his response to Gainesville Regional Utilities General Manager Ed Bielarski.

“Our board rejects the $675 million price,” Gordon wrote. “We need to stay with what we negotiated if we are to transact.”

READ MORE at Gainesville Sun

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