A company spokesman this week told GlobeSt.com there are ongoing negotiations with "several" buyers that have made offers and that the brewery would be sold to "whoever ends up with the best bid," however; the spokesman could not provide a timeline for the disposition, the process for which began several months ago.
The brewery opened in 1896 to produce Olympia beer. Pabst bought the facility in 1983 and Miller bought it in 1999. Miller Brewing appointed a disposition team to unload the property in March of this year and permanently closed the facility earlier this month.
The multi-building facility is bordered by the Deschutes River, Capitol Lake and a golf course. Much of the 72 acres has always remained undeveloped and will likely have to remain that way because the Deschutes River is a salmon stream and there will be increased buffers to deal with, say local officials.
Also expected to draw interest are the well water rights associated with the brewery. According to state Department of Ecology records, the brewery controls access to no less than 6.56 million gallons per day or 7,344 acre-feet, making it one of the largest water rights holders in South Puget Sound region.
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