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Tax lien remains obstacle, but CLT still seen as Millinocket mill site anchor

Maureen Milliken |

Despite failed attempts to move an IRS tax lien, Our Katahdin is still pursuing tenants for the 1,400-acre former Great Northern Paper mill site, with a cross-laminated timber producer remaining a...

Bangor looks into improving its Community Connector bus system

Staff |

The Bangor City Council this week authorized a $99,966 contract for a transit study of its Community Connector bus system.

Plan for historic downtown Millinocket building moves forward

Maureen Milliken |

Our Katahdin is partnering with Portland coworking space entrepreneur Liz Trice to design a plan for the former department store that was once an important part of Penobscot Avenue's commercial scene.

Maine unemployment rate unchanged at 3.4% in November

Staff |

Maine's seasonally adjusted unemployment rate held steady at 3.4% in November, unchanged from October and up from 3.1% a year earlier, according to preliminary data released on Dec.21.

Mathews Brothers expansion to Hermon could mean 100 jobs

Laurie Schreiber |

Mathews Brothers Co., a window manufacturer in Belfast, is planning an expansion in Hermon that's expected to result in the creation of 80 to 100 jobs.

Maine median home price up by 9.5% in November, outpacing national trend

Staff |

The median price for houses sold in Maine jumped by 9.5% to $219,000 in November from $200,000 a year ago, according to data released Thursday by the Maine Association of Realtors.

Redevelopment of Millinocket mill has setback, as anchor tenant pulls out

Staff |

The North Carolina company announced in February as the first anchor tenant at the shuttered Great Northern Paper mill in Millinocket has scuttled those plans, saying it cannot wait any longer for...

Katahdin Region to get economic development director

Staff |

The Eastern Maine Development Corp. plans to hire its first economic development director, who is expected to help boost the Katahdin Region's economy.

Six Maine paving plants part of $555M sale to global firm

Staff |

A Connecticut-based company that owns six hot-mix asphalt facilities in Maine sold its asphalt plants and paving division for $555 million to Eurovia SAS, a subsidiary of the Vinci Group in France,...

FAME financing to boost restart of Old Town mill, two other projects

James McCarthy |

The Finance Authority of Maine approved financing for three projects, including $12 million in tax credits to advance the restart of the closed Old Town mill.

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