Home NEWS Judge approves sale of shuttered Hampden trash plant

Judge approves sale of shuttered Hampden trash plant

by universalverge

A Penobscot County decide has cleared the sale of a shuttered Hampden trash plant to a gaggle of Maine cities and cities, marking an necessary step towards reopening the ability that’s sat dormant for greater than two years.

Penobscot County Superior Courtroom Justice William Anderson this week accepted the sale of the ability to the Municipal Evaluate Committee, the group that represents the 115 Maine cities and cities that used the plant within the six months it ran. The sale is about to be finalized subsequent week.

The Municipal Evaluate Committee reached an settlement with the financiers of the ability earlier this 12 months to launch a brand new bidding course of. If no certified bidders stepped ahead, the financiers who funded the ability’s development must settle for the Municipal Evaluate Committee’s so-called stalking horse bid, which got here in at only a fraction of the general value of constructing the ability.

Source link

Related Articles

close