BANGOR, Maine (AP) — A shuttered trash plant known as Coastal Sources of Maine will quickly be owned by a gaggle comprised of greater than 100 municipalities.
The Municipal Overview Committee is made from of communities that used the ability throughout the six months it was in operation, they usually’ll change into homeowners as a result of no different bidders stepped ahead, the Bangor Each day Information stated.
The Hampden facility has been shuttered since Could 2020, when it ran out of funds and shut down.
The deal is anticipated to shut later this month with the Municipal Overview Committee paying simply over $1 million, a fraction of the $52 million bondholders paid towards development.
However it is going to be saddled with excessive prices to restart the plant. The group had practically $12 million in belongings on the finish of final 12 months, the newspaper stated.
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