WRANGELL — The owner of the former sawmill property at 6-Mile Zimovia Highway has accepted the borough’s offer of about $2.5 million to buy the 38.59 acres, which the borough sees as an economic development opportunity for the community.

Wrangell Borough Manager Jeff Good declined to name the exact amount but said Friday, “we did make an offer, they accepted.”

Bennett McGrath, of Anchor Properties, in Petersburg, the representative for property owner Betty Buhler, said the borough initially offered $2.3 million and they “met in the middle” between $2.3 million and the $2.7 milli...