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    Re: Ferry Mold

    Posted by ff on 11/19/07

    Exciting, yes, Mike B. You can get a good deal on a marine
    terminal, and help the city out of a financial loss at the
    same time - they're ready to sell?

    On 11/19/07, Mike B. wrote:
    > Here's something to excite you.
    > Ferry Mold
    > Portland, ME: (Nov-18-07) Scotia Prince, the owners of the
    > former Portland to Nova Scotia ferry service, brought
    > charges against the city of Portland, alleging that mold
    > allegedly forced the company out of the International
    > Marine Terminal in 2004. As part of a settlement reached,
    > sources confirmed that the Portland City Council will vote
    > to pay $1.2 million to the ship’s former owners to resolve
    > allegations. The figure, including legal fees, is said to
    > touch the $3.6 million mark. In view of the facts, city
    > manager Joe Gray said it could have cost a lot more to
    > settle the suit. City officials stated that they are
    > looking for ways to make up the money that it has had to
    > pay out to resolve the lawsuit.

    Posts on this thread, including this one

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