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Skowhegan approves Spinning Mill redevelopment loan, mulls a TIF to help project get back on track

Summary by Ground News
The Board of Selectmen approved a $100,000 revolving fund loan to High Tide Capital LLC. The developer is working on a mixed-use development of the former Solon Manufacturing and Maine Spinning Co. mill. The Spinning Mill project suffered more than $3.5 million in flooding damage following December's historic storm.

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Skowhegan approves Spinning Mill redevelopment loan, mulls a TIF to help project get back on track

The developer of the mixed-use project has said previously that a tax financing agreement will be the ‘last piece of the puzzle’ to get the development back on track after it suffered severe flooding damage in December.

·Maine, United States
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Central Maine News broke the news in Maine, United States on Wednesday, February 28, 2024.
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