Business News from Around the State
Statewide: Maine exports grew by 3.4% last year, an increase that was led by a surge in prices for fresh lobster; “Down East” magazine formed a cooperative publishing agreement with “Dispatch,” a magazine covering music and events in southern Maine and coastal New Hampshire; the state’s Office of Program Evaluation and Government Accountability has been ordered to audit the quasi-governmental agency that runs the Amtrak Downeaster; the Maine Senate created a new advisory business council that will advise on legislation and help develop regulations and policies.
Southern: Hannaford Supermarkets named Michael Vail, currently the chief merchant and supply chain officer for Hannaford parent Delhaize, as its new president; Boston-based Suffolk Downs is suing the owners of Scarborough Downs, alleging they owe more than $400,000 for unpaid bets, commissions and fees; Seattle-based real estate brokerage Redfin is offering its home-buying and selling services in southern Maine; L. L. Bean has a goal to expand its number of retail stores to 100 by 2020.
Central & Western: Sugarloaf and Sunday River are among 14 ski resorts that could be sold by a real estate investment trust, although there would be no noticeable impact on the resorts due to the long-term leases that would remain intact under new ownership; Sappi North America is seeking a further reduction in valuation for its Skowhegan mill, claiming it is critical to the long-term financial health of the mill; Italian manufacturer Modula plants to spend $6 million on upgrades to its System Logistics facility in Lewiston.
Midcoast & Down East: American Iron & Metal plans to start demolishing the Verso Corp. paper mill this spring and auctioning papermaking equipment, generators, welders, roll grinders, hand tools and some trucks; a Rockland developer will receive a 12-year break on his property taxes from the city in exchange for the improvements he will be making on a downtown commercial building.
Northern & Eastern: New Jersey contractor Conti Enterprise filed a $3.85 million lien to property owned by GNP West LLC, Thermogen I LLC, and Cate Street Capital Inc. for site preparation work it had done and not been compensated for; Hackman Capital Partners bought the Great Northern paper mill in East Millinocket and is seeking uses for the site for other than paper-making.
[Editorial staff writers], "Business News from Around the State" (2015). Maine News Index – MaineBiz. 6308.