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Developer paid $12.5 million for Sartell paper mill site

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The Montreal-based scrap metal and recycling company that purchased the property where Verso Paper Corp. once stood and surrounding acreage paid $12.5 million, according to county records.

The Associated Press reports AIM Development paid about $11.5 million for the fire-damaged paper mill and 60 acres on the Benton County side of the river. The other million went towards purchasing 180 acres on the Stearns County side.

The company said in January that they won't reopen the mill. It's unclear what AIM plans to do with the site.

An explosion severely damaged Verso last May, killing one person and injuring four others. In August, it was announced the plant would not reopen.

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