WALLA WALLA -- The Port of Walla Walla is extending a lifeline to help a floundering Martin Archery.
The three port commissioners voted this week to buy 4.67 acres of Martin Archery property off Heritage Road for $1.3 million. The price is $400,000 less than the original listing price.
The decision, subject to several conditions, would relieve some of the debt Martin owes to creditors and paves the way for the port to lease the property to a new limited liability company that plans to take over the bow manufacturing operations.
The strategy is designed to help save a financially strapped Martin, down to 20 employees from a peak of about 100 in its 60-plus years as a local business.