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Gap family offers millions to revive redwood logging firm

The family that founded the Gap has offered to invest $200 million into reviving the bankrupt Pacific Lumber Company and to take control of its heavily logged Humboldt County redwood forests.The offer is contingent on a federal judge in Texas evicting the current owner, Houston financier Charles Hurwitz and his Maxxam Corp., from the plot near Eureka. The proposal from [...]
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