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Thunder Bay to reimburse Resolute after property tax appeal

Resolute Forest Products recently won an appeal with the assessment review board regarding the assessment for its pulp and paper mill in Thunder Bay, Ont. The review board decreased the assessment for the mill to $32.6 million from $72.2 million, for the years from 2009 to 2012.

Local media report that the Thunder Bay city council has decided to accept the decision, and will refund millions of dollars to Resolute. The specific amount of the refund is not being made public. The city said it will refund the company from an assessment appeals reserve fund.