The university system rescinded an offer to sell the building to a church earlier this year, citing shortcomings in the initial request for proposals’ criteria.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Local & State, News
Alfonds, heirs of Dexter Shoe Co., now rank among wealthiest Americans
Scarborough resident Susan Alfond and her brothers amassed their wealth from the shoe company started by their father and bought by investor Warren Buffett.
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Posted inBusiness, Nation & World
Hiring slowed sharply in final month before election amid hurricanes, strikes
The a low unemployment rate suggests that the labor market is still fundamentally healthy, if not as robust as it was early this year.
Posted inBusiness, Local & State, News
Gas pipeline operators’ push for higher rates could spark increase in electricity costs
Besides delivering gas to homes, the pipelines also supply power plants that generate electricity, meaning the requests before the Federal Energy Regulatory Commission will have a ripple effect on the cost of electricity.
Posted inBusiness, Local & State, News
Maine Climate Council skips green hydrogen, for now, and leans into EVs
Maine Won’t Wait 2.0, which is due out next month, is relying on getting 150,000 electric passenger vehicles on the road by 2030 to meet the state’s emissions target of lowering 1990 greenhouse gas levels by 45%.
Posted inBusiness, News
Restaurant closure trend continues in Farmington as Uno Mas shuts down
Three Farmington food service businesses have closed so far this year. First Gifford’s Ice Cream, then Mary Jane’s Slice of Heaven, and now Uno Mas. What’s next?
Posted inBusiness, Local & State, Morning Sentinel, Outdoors
Trail projects in Skowhegan underway as part of master plan
Somerset Woods Trustees, a nonprofit land trust, is working on projects at two local preserves, while other groups are planning more projects to develop a local trail network.
Posted inBusiness, Nation & World, News
Average rate on 30-year mortgage in U.S. rises for fifth straight week
The average rate on a 30-year home loan hasn’t been this high since Aug. 1.
Posted inBusiness, Local & State, News
Maine high court justice could be first in state to be sanctioned
Justice Catherine Connors, who participated in foreclosure cases despite having conflicts of interest, will keep her seat regardless of whether she is disciplined.
Posted inBusiness, Food & Dining
Portland restaurant owners say dining habits have changed. We asked people if it’s true.
Several people in downtown Portland say they’ve approached dining out differently since their lifestyles have changed and as prices rise.