EAST MILLINOCKET — The owner of a now-closed Maine paper mill in East Millinocket is helping the area recover with a $75,000 donation to the regional economic development board.
Mill owner Brookfield Asset Management Co. gave the money to the Katahdin Area Recovery and Expansion committee as part of an agreement between Brookfield and the state that required the payment if the mill closed.
East Millinocket Selectman Mark Scally says that in return, Brookfield will be able to keep generating electricity with its dams on the Penobscot River.
Millinocket Town Manager Eugene Conlogue tells the Bangor Daily News officials would rather have the mill running than the $75,000.
The East Millinocket mill closed earlier this year after officials were unable to come up with a plan to sell it to another company.
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