"Business Maine: Southern" piece reporting that Saco Island LP expects to move f

Source

Mainebiz

Date

10-15-2007

Pages

7-8

Abstract

"Business Maine: Southern" piece reporting that Saco Island LP expects to move forward immediately with its $100 million redevelopment of the Saco Island complex after closing a deal earlier this month to buy the property for $5.9 million. The investors purchased the island, located between the downtowns of Biddeford and Saco, after three years of negotiations. They seek to develop the 15-acre island into a mixed-use development of housing, retail shops, offices and a marina. Saco officials last fall approved a $35 million tax-increment financing program to help fund the redevelopment.

Subjects

Saco Island, Real estate development

Full text is not available here. Please contact the Library for a copy of the article.

Share

COinS