He wanted a promise that Scopac could continue to supply Pacific Lumber--a deal breaker for the creditors.
Koch Industries owns Brawny paper towels, Dixie cups, Georgia-Pacific lumber, Stainmaster carpet, and Lycra, among other products.
With the deal, though, Hurwitz had to abide by restrictions on how he could harvest Pacific Lumber's remaining acreage.
Pacific Lumber made an emergency loan and has since expanded its credit line to pay Scopac's interest again on Jan. 20.
The agreement also allows Pacific Lumber to log an estimated 180m board-feet (425, 000 cubic metres) of redwood in the buffer zones.
"It was the reason we were interested in Pacific Lumber, " says Hurwitz.
Any suits would be filed against the Habitat Conservation Plan, which would make Pacific Lumber and the state and federal governments co-defendants.
Getting the logging permits promised by the agreement--178 million board feet a year, enough to keep Pacific Lumber alive--would prove to be extremely difficult.
During this time Hurwitz had been busy carving up Pacific Lumber.
He rebounded, forming Crown Pacific Lumber with a Portland, Oregon partner.
He rebounded, forming Crown Pacific Lumber with a Portland, Ore. partner.
Republican Richard Pombo of California inserted sensitive information about an investigation of Texas millionaire Charles Hurwitz into the Congressional Record, allegedly to protect Hurwitz's Pacific Lumber Company and its interests.
The five-member panel includes one member representing Pacific Lumber, two members representing the federal and state governments, and two at-large members, who must be unanimously approved by the other panelists.
While government, state and Pacific Lumber officials congratulated each other, many environmentalists, some of whom have been working to save the Headwaters forest since 1986, professed themselves unhappy with many of the agreement's provisions.
One of Pombo's main projects in that job has been to rewrite the Endangered Species Act in a way that would aid companies like Pacific Lumber, environmental activists say, at the expense of threatened species.
The California Division of Forestry had originally projected that 136m board-feet could be logged in the buffer zones over 10 years, but on Friday, February 26th, Pacific Lumber claimed that it required at least 200m board-feet for the project to be economically feasible.
Congress's 1997 approval of federal funds to purchase the Headwaters property from Pacific Lumber was set to expire at midnight on Monday, March 1st, but the three-hour difference between the east and west coasts provided just enough time for the parties to smooth out the final wrinkles.
Through lumber company Green Diamond Resource, the family owns timberland in Pacific Northwest.
Later, as Asia's troubles threw this Pacific-coast province into recession, the government launched grand schemes to create forestry jobs, save lumber-mill towns, attract new aluminium smelters, build infrastructure and create a new high-speed ferry industry.
Union Pacific is also anticipating an improvement in housing as they are now using previously idled rail cars to ship lumber for US homebuilders.
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