The payment, which comes on top of $4.5 million the states paid in extra construction costs, ends a legal conflict with the Pittsfield company that built the new Sarah Mildred Long Bridge between Kittery and Portsmouth.
Peter McGuire
Peter McGuire is a business reporter covering Maine trade, transportation and tourism. A proud native of the western Maine mountains, there is a good chance he’d rather be playing outside. Peter has covered local news for Maine newspapers in Oxford County, Brunswick, Waterville and Portland. He holds a bachelor’s degree in history from Dalhousie University in Halifax, Nova Scotia and a Master’s Degree in International Relations from Boston University. He lives in Biddeford with his wife Stephanie and brown rescue dog named Emmy Lou.
Posted inBusiness, Local & State
Idexx taps state tax breaks in exchange for job creation
The veterinary services company is in line for about $800,000 a year over 20 years in refundable tax credits, but it has to meet benchmarks.
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Posted inBusiness, Local & State
Expanding mass transit tops Portland-area transportation priorities
Regional planners will use results of an online survey to help direct funding.
Posted inBusiness, Local & State
Transportation officials fear delay of state bonds jeopardizes entire highway repair program
Lawmakers have less than a month to get a $105 million borrowing package on the November ballot or risk upending the state’s highway repair program.
Posted inBusiness, Local & State
Maine will use $3 million from VW settlement to fund fuel-efficient vehicles
Schools, local government and businesses can replace old diesel engines, using money from a settlement over charges that the car company tried to cheat on emissions tests.
Posted inBusiness, Local & State
Cruise passengers like Maine and spend about $70 each, new survey shows
The first-time, state-funded survey took the pulse of Maine’s growing number of cruise passengers.
Posted inBusiness, Local & State, News
Maine paper industry gets a boost, with Jay mill in line for investment of millions
Verso Corp. plans to add products and increase production at its Androscoggin Mill in Jay, where about 500 people work.
Posted inBusiness, Local & State, News
Portland and CMP agree to fix streetlights amid contract dispute
The parties are at loggerheads over who will pay to repair underground power lines.
Posted inBusiness, Local & State
New owner plans restaurant space on Portland wharf
Christopher DiMillo has purchased the Berlin Mills Wharf on Commercial Street for $4 million, but has not yet decided what he’ll do with the the rest of the 1.5-ace property.
Posted inBusiness, Local & State
Regulators put off CMP’s rate hike request until billing probe ends
The Public Utilities Commission stays the power company’s request for a $46.5 million increase while regulators probe customers’ complaints about its billing and metering systems.