Hoku Going to Auction This Month

Local News

0  Updated at 2:25 pm, October 10th, 2013 By: Managing Editor
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(POCATELLO, ID) – The Hoku plant in Pocatello is going up for auction later this month. Officials have scheduled the sell-off for October 23. Auction organizers say there are already several high-profile companies looking in to purchasing the $700 million facility. Mayor Brian Blad says that most would-be buyers aren’t interested in running the facility as a polysilicon plant, like it was designed for. Bidding will start at $3 million, with the vast majority of funds going toward paying off companies that built the plant from 2007 to 2011.