"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

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