News Summary

• "As Molbak’s plans for the next steps, the company said it wanted to find a way to celebrate its history and impact on the community as it closes down “with integrity.”“We’re all struggling to understand what has happened,” Kouhia said..
• Molbak’s said Monday it went through a mediation process with Green Partners but it was not successful.“There are no financially viable options that will allow Molbak’s to keep operating as the kind of nursery, company and community resource we want to be,” Kouhia said..
• Green Partners said it was not developing the project as envisioned due to rising interest rates, increased construction costs and the complexity of the project..
• Molbak’s was slated to be the centerpiece of the 19-acre development but said it was “forced out” of the project and the agreement to include Molbak’s in the project was terminated..
• "Baffled, I still do not know a solid reason why we are not being part of the project as we move forward," Kouhia said..
• “After considering many different possibilities and a great deal of discussion with the Molbak family, we’ve determined that we no longer have a path forward.”Molbak’s plans to create a transition plan in the coming weeks and share more details in January..