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Historic landmark in Biddeford changes hands in competitive 'sellers market'

Laurie Schreiber |

The Smith Building, a historic landmark in this Biddeford, went on the market in early January, garnered 15 showings and was purchased by a Boston real estate investor for $850,000 in early June.

FAA awards $5.5 million for two Maine airport projects

STAFF |

Two Maine airport projects are slated to receive $5.5 million in federal funding through the Federal Aviation Administration.

Catalyst Paper’s project would support 62 new jobs at Rumford mill

British Columbia-based Catalyst Paper Corp. projects that a $56 million investment in a tissue-making machine at its Rumford mill would support 62 full-time jobs.

Bridgton Hospital named one of nation’s ‘Top Critical Access Hospitals to Know’

STAFF |

Central Maine Healthcare’s Bridgton Hospital has been named one of the country’s “62 Critical Access Hospitals to Know in 2017” by Becker’s Hospital Review.

Saco Island targeted for $40 million development

Developer Bernie Saulnier is putting together a $40 million mixed-use project for the east side of Saco Island, but city officials are advising him to seek community input before submitting plans.

Site work begins on Hampden waste-to-energy plant

The Sargent Corp. began site work on Fiberight’s new $69 million waste-to-energy plant in Hampden.

NIH awards $20M grant to Maine Medical Center Research Institute

STAFF |

The National Institutes of Health has awarded $20 million over five years to the Maine Medical Center Research Institute and its partners to establish the Northern New England Clinical and...

Bangor cultural nonprofits generate $10 million in economic activity

A Washington, D.C.-based Americans for the Arts study found that 14 cultural nonprofits in Bangor spent $3.4 million in 2015 and audiences at their events spent $6.6 million.

Portland mayor aims to increase low-income housing

Portland Mayor Ethan Strimling has proposed a measure to double the percentage of low-income housing to be included in large residential projects, and to lower income eligibility requirements.

Kennebec Savings Bank opens Freeport location

STAFF |

Kennebec Savings Bank opened its new electronic banking and loan center in Freeport on Thursday, marking the occasion with a ribbon-cutting ceremony attended by local officials.

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