Ashland, Wis. (NNCNOW.com) -- The iconic Soo Line Ore Dock, that juts out from Ashland's lake shore, now has a new owner.
After a long discussion the city council voted 6-5, on Tuesday, to take ownership of the dock's base.
The ore dock was built in 1916 and was torn down last year, leaving only a base.
The deal included $3.2 million from Canadian National Railroad and 55 parcels of land on the lake front.
Mayor Bill Whalen says the money will be put into trust fund for the city to use on redeveloping the waterfront.
Many councilors see the ore dock as an icon for the Ashland area and say it can be an integral part of revitalizing the area.
Others say it is another project the city can't take on right now.
"We have a big million dollar project going with the dock going off of Pamida. We need sewer pipes, we need water pipes, we need road construction," said City Councilor, Joyce Kabasa.
Elise Cruz, the city planner for Ashland, says there are many opportunities for recreational and economic development.
"What we want to do is either redevelop it into either a fishing pier, some sort of park, or a water research institute," said Cruz.
Posted to the web by Kati Anderson.