BAR HARBOR (AP) — A Canadian firm operating a high-speed ferry between Maine and Nova Scotia says it will spend $3 million to improve a proposed new base in Bar Harbor.
The town received the 15- page proposal to relocate The CAT from Portland to Bar Harbor last week. The Bangor Daily News reports Bay Ferries says it will spend $3 million in infrastructure improvements to the idle property and will also pay Bar Harbor at least $200,000 in annual rent for five years.
The Bar Harbor Town Council will discuss the proposal and will speak directly with Bay Ferries CEO Mark MacDonald.
Based on its projections, the firm predicts it could pay the town around $260,000 in rent in 2019, $294,000 in 2020, and $326,000 in 2021.
The Times Record Sustaining Sponsor
We believe a community must be informed to thrive. bowdoin.edu
Comments are not available on this story. Read more about why we allow commenting on some stories and not on others.
We believe it's important to offer commenting on certain stories as a benefit to our readers. At its best, our comments sections can be a productive platform for readers to engage with our journalism, offer thoughts on coverage and issues, and drive conversation in a respectful, solutions-based way. It's a form of open discourse that can be useful to our community, public officials, journalists and others.
We do not enable comments on everything — exceptions include most crime stories, and coverage involving personal tragedy or sensitive issues that invite personal attacks instead of thoughtful discussion.
You can read more here about our commenting policy and terms of use. More information is also found on our FAQs.
Show less