Portland expects about $150,000 in revenue per year from the Cat, which replaces the Nova Star, with no up-front cost to taxpayers.
J. Craig Anderson
J. Craig Anderson is a seasoned business reporter who covers a wide range of topics including banking, finance, real estate, technology and entrepreneurism. Originally from Arizona, Craig graduated Summa Cum Laude from the University of Arizona journalism school and has gone on to report for a variety of business and consumer publications such as the Business Journal of Phoenix, the Las Vegas Sun and the Arizona Republic. His work has earned him national recognition including Sigma Delta Chi and APA Journalism awards. Craig also served in the Army for four years, working as an intelligence analyst and Arabic linguist for the National Security Agency in Maryland. He currently lives in Freeport.
Posted inBusiness, Local & State
Oxford Casino owner plans $25 million hotel expansion
The attached hotel would include more than 100 guest rooms, meeting areas and more casino floor space.
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Posted inBusiness, Local & State
Elite Airways to offer nonstop Portland flights to Bar Harbor, New York
The new weekend offerings from the Portland jetport, starting in mid-June, open up tourism opportunities.
Posted inBusiness, Local & State, News
Some Maine businesses don’t expect to be paid in Nova Star bankruptcy
The failed Portland-to-Yarmouth ferry operator owes $15 million to more than 200 creditors but reports just $142,000 in assets.
Posted inBusiness, Local & State, News
Notable career of cultivating social justice nears the end for Ron Phillips
Ron Phillips, an early pioneer in the movement, used his Coastal Enterprises Inc. to invest in and raise up struggling companies and communities.
Posted inBusiness, Local & State, News
March home sales up in volume and price
The median price for a single-family home in Maine rose to $182,500 last month.
Posted inBusiness, Local & State, News
Lobster veterinarian says gentler treatment of catch translates to bigger paycheck
As many as 10 percent of lobsters die on their way to market, many because of rough handling, Jean Lavallee is telling fishermen in Maine this week.
Posted inBusiness
Law enacted to speed legal process for development disputes
The new law aims to prevent projects from being killed by legal challenges that can take years.
Posted inBusiness, Local & State, News
Maine’s economic future dogged by low R&D, bad roads, academic weaknesses
The annual Measures of Growth report shows enduring deficiencies in the state’s economy and sets priorities for policy solutions.
Posted inBusiness, Local & State, News
York County agency failed to heed warning signs before making failed loan
The Biddeford-Saco Area Economic Development Corp. lent $125,000 to a man with an arrest record who allegedly was linked to a business partner who defaulted.