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Midcoast
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State eyes concepts for developing Searsport as offshore wind hub
Updated: February 15, 2022Four sites are eyed for manufacturing and deployment of floating foundations and turbines. Development costs range from $100 million to nearly $300 million. Certain areas would require blasting and dredging.
Seller becomes buyer in hospitality market, leveraging 1031 exchange
Updated: February 14, 2022Once-seasonal hotels are renovating to attract year-round rentals. Sellers are staying in the market to buy other properties. Lodgings are generally selling close to list price.
Stonewall Kitchen to close store in Portland's Old Port, but may reopen in new digs
February 10, 2022The York-based retailer of specialty food products has been on an acquisition tear and is expanding into the home-goods market. But a building renovation is forcing Stonewall to look for a new location in Portland, after 24 years in its current…
A Casco Bay island gets high-speed internet through public-private partnership
February 9, 2022Consolidated Communications aims to use public-private partnerships to bring high-speed internet services to underserved areas of Maine, including Long Island.
Five Maine groups receive $1M to support (very) small businesses in rural areas
February 8, 2022The organizations will share $1.09 million to support rural entrepreneurs and enterprises looking for seed funds at a "micro" scale.
Colby College acquires two islands where Andrew Wyeth painted famous works
February 4, 2022The Waterville college has acquired two islands off Port Clyde where renowned American artist Andrew Wyeth painted some of his greatest works.
The ‘last 20 miles’: Real estate boom, new demands threaten Maine’s working waterfront
Updated: February 7, 2022Some critics see commercial development as the biggest danger to Maine's working waterfronts. Some critics see climate change that way. Other people are trying to find a middle ground.
With its business growing in Penobscot County, First National Bank opens Brewer branch
February 1, 2022The Damariscotta-based banking firm now has two branches in the increasingly competitive Bangor-Brewer market.
GWI teams with Arctaris, FAME to bring fiber broadband to 5 Maine communities
February 1, 2022The network will cover all premises in Millinocket, East Millinocket and Medway, and significant portions of South Portland and Belfast.
Maine fishing captain, crew indicted on fraud charges over 2.6 million pounds of catch
Updated: January 31, 2022The owner and crew of the Western Sea caught herring for years without reporting it, making hundreds of thousands of dollars, federal prosecutors claim. They also say dozens of falsified reports were filed to cover up the illegal sales.
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