With the initial sale of the mill, real estate, equipment and hydro assets, new owners are busy marketing the site for new industrial uses and selling off equipment from the shuttered paper-maker.

The sale to the New Jersey hydroelectric power producer frees up opportunities for future use of the paper mill, which closed in December.

Decisions by the state Board of Property Tax Review could cost the town of Madison close to $1 million in rebates with rulings in favor of the company that owns the closed mill building.

Madison area officials say they would like to see Poland Spring water company find water sources for possible move into the former mill that closed in May.