$300M MaineGeneral bond OK'ed

A $300 million bond issue to fund a new MaineGeneral hospital in Augusta has been approved.

Commissioners of the Maine Health and Higher Educational Facilities Authority voted 8-1 to approve the bond issue, with the tax-exempt bonds likely entering the market next week, according to the Kennebec Journal. Hospital spokeswoman Diane Peterson told the paper that hospital leaders are currently pitching the project to investors and expect the bonds to be sold by mid-August. Financin ...