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Real Estate & Construction

  • Lewiston hotel project gets $7M USDA loan

    July 11, 2013

    Lincoln Street Hoteliers LLC has received a guaranteed federal loan of over $7 million to help build its $12.3 million Hampton Inn hotel in downtown Lewiston.

    July 11, 2013

  • Parties split on bundling new bond proposals

    July 5, 2013

    Democrats and Republicans are at odds over whether the nearly 24 bond proposals before the state’s appropriations committee should be bundled into one borrowing package, and include a $100 million transportation bond proposal, for a November ballo

    July 5, 2013

  • Rockland contractor looks to reorganize

    July 3, 2013

    Rockland contractor Ferraiolo Construction Inc. plans to reorganize after filing for bankruptcy and has reached a tentative settlement agreement with its creditor the Bank of Maine.

    July 3, 2013

  • MaineGeneral's Seton campus sold for $500K

    June 28, 2013

    MaineGeneral Health CEO Chuck Hays announced a $500,000 purchase and sale agreement has been reached with Waterville Redevelopment Co. 1 LLC for the medical center's Seton Campus in Waterville.

    June 28, 2013

  • Millinocket manager seeks lien on Cate Street

    June 27, 2013

    Millinocket Town Manager Peggy Daigle is seeking to place tax liens on properties owned by Cate Street Capital LLC and Specialty Minerals Inc.

    June 27, 2013

  • Portland releases building permit wait data

    June 26, 2013

    The average time spent waiting for various commercial building permits in Portland ranges from 43 to 70 days, data some developers say indicates a slow and onerous permitting process.

    June 26, 2013

  • Thompson’s Point project gets update

    June 25, 2013

    Developers have modified the first phase of a project on Portland’s Thompson’s Point, pushing up the construction schedule for a 175,000-square-foot office building and pushing back construction on a previously planned sports complex and parking g

    June 25, 2013

  • Offshore wind plans vie for money, support

    James McCarthy June 24, 2013

    For more than six years, Habib Dagher has been championing the idea that offshore wind power can solve two of Maine's biggest economic problems — a declining manufacturing base and the net loss of $5 billion spent annually by Maine residents on oi

    James McCarthy June 24, 2013

  • Peaks Island entrepreneurs launch sustainable design tool

    James McCarthy June 24, 2013

    Every new startup is a variation on the theme of wanting to build a better mousetrap.

    James McCarthy June 24, 2013

  • Home sales jump 17% over last May

    June 21, 2013

    Nearly 200 more single-family homes in Maine changed hands this May compared with the same month last year.

    June 21, 2013

  • CES acquires Summit Environmental Consulting

    June 18, 2013

    CES Inc., a Brewer-based engineering firm, has acquired the business and the 20 employees of Summit Environmental Consultants.The terms of the deal were not disclosed.

    June 18, 2013

  • Thermogen seeking $30M loan for biocoal plant

    June 13, 2013

    Thermogen Industries One LLC has applied for a $30 million bond from the Finance Authority of Maine to build a torrefied wood — or biocoal — machine at its site in Millinocket.

    June 13, 2013

  • Madison mill signs natural gas pipeline deal

    June 13, 2013

    The UPM Madison paper mill, which has received natural gas by truck since last November, has signed a deal to tap into Summit Natural Gas of Maine's Kennebec Valley pipeline, now under construction, this fall.

    June 13, 2013

  • Bayside project seeks special planning status

    June 11, 2013

    An expansive development project in Portland's Bayside neighborhood is seeking a special "master development plan" status that would allow it to submit one comprehensive plan, rather than seeking piecemeal approval of each phase of construction.

    June 11, 2013

  • Maine's GDP up slightly in 2012

    June 10, 2013

    Maine's manufacturing, construction and wholesale and retail trade industries led the state's modest growth in real gross domestic product of 0.5% last year, according to data from the U.S. Bureau of Economic Analysis.

    June 10, 2013
  • Bob Gerber of Ransom Environmental Consulting is working with Maine towns and cities to revise flood risk maps drafted by the Federal Emergency Management Agency in Cumberland and York counties

    Insurance, flood map changes stand to raise premiums

    Darren Fishell June 10, 2013

    A perfect storm is headed for some coastal Maine properties, but it's not moving in from offshore. It's coming from Washington.

    Darren Fishell June 10, 2013

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Today's Poll

Does cruise ship season help your business?
Poll Description

Sponsored by Kennebunk Savings Bank

Maine's cruise ship season is in full swing, running from late September through early November. Thousands of passengers are expected to visit Portland, Bar Harbor, Eastport or Rockland.

This week alone, Portland is set to welcome around 16,000 cruise ship passengers.

But as the season ramps up, it's bringing mixed reviews. Some locals brace for the crowds and many business owners say cruise ship visitors don't spend much while in the port. Other business owners argue that, even if cruise ships don't benefit their own coffers, they still benefit the overall economy.

When we asked this question in 2023, Mainebiz respondents, 21% said the visits bring customers and revenue, while only 18% said the visits don't help their business.

More than half of the respondents, 53%, said cruise ships benefit the overall economy, 

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