- Associated Press - Thursday, April 17, 2014

KENAI, Alaska (AP) - A lower Cook Inlet fish hatchery idle since 2007 has been sold.

The Peninsula Clarion (http://bit.ly/Rqmn26) reports the Cook Inlet Aquaculture Association on Monday completed purchase of the Port Graham Hatchery.

The Port Graham Hatchery Corp. closed the hatchery because of low returns of pink salmon and poor prices.

Pink salmon reared by the aquaculture association are expected to return to Port Graham Bay this year and could be harvested for brood stock eggs.

Aquaculture association director Gary Fandrei says the goal is to put 84 million eggs in the hatchery.

He says the group does not expect to fully recover the roughly $1 million a year it will cost to operate the hatchery but hopes to be able to do so by 2016.

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Information from: (Kenai, Alaska) Peninsula Clarion, http://www.peninsulaclarion.com