The city of Portland might sue the state over a debate that sunk a deal with Oly
The city of Portland might sue the state over a debate that sunk a deal with Olympia Cos. to develop the Maine State Pier. The state says it owns the submerged lands, a claim that would affect combined acreage comprising the largest single parcel of developable land along Commercial Street. Because the state's 30-year submerged land leases have not affected development elsewhere in Maine, some city councilors feel a lawsuit is unnecessary. The losing bidder, N.H.-based Ocean Properties Ltd., says the lease dispute wouldn't hinder them from developing the pier.
Olympia Companies, Maine State Pier Portland, Ocean Properties
Farwell, Jackie, "The city of Portland might sue the state over a debate that sunk a deal with Oly" (2008). Maine News Index – MaineBiz. 4770.
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