Portland Daily Sun

Latest News

N.Y. men arrested after drug bust at Westbrook motel

Westbrook Police Chief Janine Roberts said arrests at a mote...

Hostess ex-employee in USM forum: 'If my business fails…

Anyone wondering what happened to the Twinkie can discover a...

Portland man arrested in crack cocaine bust on Ocean Av…

Ronald Gullikson, 49, of Portland, was arrested Wednesday ni...

Sandy rolls into Maine

Even Bigfoot had to take a back seat to this storm.Hurricane...

David Marshall: Experience key to progress in Portland

District Two Councilor David Marshall said in six years he's...

A+ A A-

Portland's economic development successes

Since January 2007, the city lists more than $580 million worth of development, either built, under construction or in the planning stage. According to the The State of Portland's Economy report from Oct. 19, 2011, this list includes:
• "Bayside's Transformation," with $97 million in investment. Improvements include the Intermed building ($26.5 million); Southern Maine Student Housing ($19 million); Whole Foods ($15 million); Pearl Place ($12 million); Power Pay, the old public market ($10 million); Chestnut Street Lofts ($7.8 million); Gorham Savings ($4 million); Miss Portland Diner ($1.1 million); Bowl Portland ($1 million); Trader Joe's ($800,000); and Federated Companies' partnership with the city for a mixed-use development.
• Maine Medical Center, $170 million investment, including a garage, helipad, and East Tower; housing women and infants with a new birthing center; and a recently completed emergency department.
• Mercy Hospital's Phase I, $65.5 million, overlooking Fore River on 42 acres.
• Cumberland Cold Storage building renovation on the waterfront, five-story, 150-year-old building now headquarters for Pierce Atwood law firm, transforming long-vacant cold storage building into Class A office space, increasing the assessed value by $12 million.
• The 180-room Residence Inn by Marriott at 145 Fore St., $13 million investment.
• The 122-room Hampton Inn with 12 residential condos and Sebago Brewing restaurant at the site at 209 Fore St., $15 million investment.
• Ocean Gateway terminal on the Eastern Waterfront, $20 million investment.
• University of Southern Maine recently completed 59,000 square-foot LEED-certified Wishcamper Center renovation, a $13 million investment
• University of New England recently completed construction of its new School of Pharmacy, a $17 million investment.
• Portland International Jetport, $75 million expansion completed, a $25 million five-story parking garage.
• Rail passenger service to Boston, soon to be expanded to Freeport and Brunswick, a $44 million investment.

Facebook Fans - Join The Conversation

The Portland Daily Sun - All Rights Reserved

Privacy Policy

Powered by BENN a division of the Pittsburgh Post-Gazette