- Associated Press - Friday, February 23, 2018

LEWISTON, Maine (AP) - The Lewiston City Council has approved an agreement that will give a local redevelopment effort at least three more years for completion.

The agreement gives developer Tom Platz exclusive rights to purchase a 350,000-sq. foot building owned by the city for $1, but leaves the door open for another developer to take over the project in the third year if the city receives a “bona fide” proposal.

The Sun-Journal reports that Platz has redeveloped the rest of the Bates Mill complex, but Mill No. 5 has proven difficult as the largest building in the complex. The developer says he has already invested $700,000 into the redevelopment project and plans to develop the mill building by dividing it into two projects.

The council voted 6-1, with Councilor Michael Marcotte opposed.


Information from: Sun-Journal, http://www.sunjournal.com

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2021 The Washington Times, LLC.

Please read our comment policy before commenting.


Click to Read More and View Comments

Click to Hide