Titan Funding, which loaned about $1.5 million to the original developer, outbid a nonprofit that hopes to preserve the land.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Local & State, News
Summer swelter gives a boost to Maine’s tourism industry
With sunny days in July and August, numbers are up at Acadia National Park, the Portland International Jetport and on the Maine Turnpike, but declines continue for Canadian border crossings and cruise ship visits.
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Posted inBusiness, Local & State
Acadia had its busiest month in 35 years
The national park on Mount Desert Island saw over 797,000 visitors in July, the most in a single month since 1989.
Posted inBusiness, Local & State, News
Study: Colby added $2.5 billion to Maine’s economy since 2019
The analysis, commissioned as a follow-up to a report on Colby’s impact from 2014-18 and presented in downtown Waterville on Thursday, shows the college’s investments in facilities and people added $1.3 billion to the Waterville-area economy over the last six years.
Posted inBusiness, Local & State, News
Portland Land Bank Commission backs bid for North Deering land once eyed for condos
The commission and the Trust for Public Land hope to preserve the 13.3-acre parcel off Hope Avenue, which went into foreclosure and goes up for auction Friday.
Posted inBusiness, Food, News
Bowling bar set to launch in Biddeford
The Gutter is part of a New York City mini-chain.
Posted inBusiness, Local & State, News
Novartis sues Maine over federal drug discount program
The New Jersey pharmaceutical manufacturer filed the lawsuit in federal court in Portland over the program that allows hospitals and community health centers to get some medications at discount prices.
Posted inBusiness, Food, News
Acai bowl chain opens Westbrook location
The same company is launching another location in downtown Portland in September.
Posted inBusiness, Food
Modestman Brewing moves to South Portland
The craft brewery, formerly based in New Hampshire, recently purchased a production facility on Park Avenue.
Posted inBusiness, Food
New Italian restaurant coming to Woodfords Corner
The owner of Abbiocco aims to open by late September.