Alaska processor Silver Bay Seafoods bought most of the land at the Gary Paxton Industrial Park sold by the City of Sitka for a total price tag of about $960,000 (€850,584).

The sale was approved by the city assembly Tuesday 6-1 and may be the first of several sales, according to a local radio station.

Although it was not on the agenda, Silver Bay is also seeking much of the park's remaining waterfront to build a marine services center, according to radio station KCAW.

Since