The City of Hoquiam looks to make money by buying land.
At their Monday meeting, the Hoquiam City Council approved the purchase of a parcel of property above Beacon Hill Drive.
The 38.6 acres of property will be purchased from MacGregor Land Company for a total of $135,000.
In 2007, the same land was purchased by MacGregor for $225,000.
Finance Director Corri Schmid says that the purchase will bring funds into the city through timber sales.
At 8%, that would equate to a $10,800 profit on the land through the timber harvest.
The property is located next to a city water tower.