The city of Portland might sue the state over a debate that sunk a deal with Oly

Publication Year:
2008

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Repository URL:
https://digitalcommons.portlandlibrary.com/news_mainebiz/4770
Author(s):
Farwell, Jackie
Tags:
Olympia Companies; Maine State Pier Portland; Ocean Properties
article description
The city of Portland might sue the state over a debate that sunk a deal with Olympia Cos. to develop the Maine State Pier. The state says it owns the submerged lands, a claim that would affect combined acreage comprising the largest single parcel of developable land along Commercial Street. Because the state's 30-year submerged land leases have not affected development elsewhere in Maine, some city councilors feel a lawsuit is unnecessary. The losing bidder, N.H.-based Ocean Properties Ltd., says the lease dispute wouldn't hinder them from developing the pier.