Mill closure results in loss of 11% of District revenue for Vanderhoof, how will it respond?
VANDERHOOF – The closure of the Canfor Plateau Sawmill was announced in September, 2024, and was known to be a big hit to the District of Vanderhoof. The numbers now reveal the loss to be $580,000, which is 11% of the District’s total taxation. Despite this significant loss, Vanderhoof Mayor Kevin Moutray says he remains optimistic about the community’s future.
“That’s definitely a big loss in taxation, but it is actually something that we’ve been anticipating for some time. We’ve been preparing for this since Houston had the West Fraser shut down 12-ish years ago, so we’ve been doing steps to mitigate that action. One of those was setting aside an industrial reserve, which will buffer the impact of those taxes that we can spread over years just to soften the blow of it,” Moutray said.
A huge tax loss like this obviously isn’t ideal, but Moutray says the community understands the forestry industry is on a downturn, so Vanderhoof has been looking to diversify into other industries. A huge benefit is expected in the form of a 1.44 billion dollar Artemis Gold expansion into the Blackwater mine, but Moutray says the District is working on more than just that.
