Portland Daily Sun

Latest News

Bluestocking Film Series features female characters, di…

Does your favorite film pass the Bechdel Test? To check, ask...

'Get the facts first,' urges 'Fire in the Sky' author

The second Experiencers conference in Portland last weekend ...

Maine author finds herself 'on the same side of the riv…

Gail Gutradt, the Maine author of "In a Rocket Made of Ice,"...

Police search for man sought in connection with Munjoy …

Police are searching for a Portland man who they have identi...

What's in a Name? Almost Famous Tattoos and Piercings

What's in a Name? Almost Famous Tattoos and Piercings 1170...

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