Terrace Bay Mayor Calls It Quits

The mayor of Terrace Bay has resigned, citing what he calls “irreconcilable differences” with councillors over a potential reassessment of the town’s pulp mill.
Michael King is upset that Council has opted to negotiate a settlement with the owner of the mill.
AV Terrace Bay has decided to file for a reassessment of its municipal tax rate with the Municipal Property Assessment Corporation.
King says he would rather see council fight the company’s application.
In a statement, the township’s four councillors predicted the review will likely result in a drastically reduced tax rate for the mill, since recent applications from similar operations in Dryden and Espanola have led to decreases in excess of 65%.