SPECULATION remains as to the buyer of a former Gunns Ltd site at Scottsdale.
Dorset Mayor Barry Jarvis said he was "cautiously optimistic" the new owner would utilise the Ling Siding integrated timber processing facility to its full capacity.
"Jobs is what it's about," Cr Jarvis said.
Despite a pre-election $2.8million funding pledge from the Coalition and projected creation of 40 jobs, the successful bidder was not the Dorset Renewable Industries group.
But Cr Jarvis said there had been rumours within the community of a local buyer.
"The whispers are it's a North- Eastern Tasmanian and the whispers are positive," he said.
Scottsdale timber company Stronach Timbers is believed to have expressed interest but did not return The Examiner's call.
The transaction for the site was completed on Tuesday, according to receiver KordaMentha spokesman Michael Smith.
"Under the terms of the sale I can't identify the price or even the successful bidder," Mr Smith said.
Mr Smith said one of the final two bidders had a "very important condition about finance that couldn't be resolved".
Former Gunns site Tonganah, also received by KordaMentha and about seven kilometres from Ling Siding, will be listed for sale by the end of the month.