Our Katahdin had a busy summer, and we are pleased to share what we've been up to. A few highlights include:
- Paying the back taxes owed to the Town of Millinocket for GNP West in the amount of $160,815.27 to resolve the town liens on the mill property.
- Mailing the payment check to the IRS for the remainder of the $450,000 settlement. The IRS received the check on October 15th and now has 30 days to discharge the lien on the Millinocket mill site property.
- Transporting and refurbishing electric transformers to the Millinocket mill site. These will be critical to stepping down power to distribute electricity to the existing buildings.
- Completing the Brownfield clean-up process at 230 Penobscot, which paves the way for further renovations in the spring.
Happy 4th of July! With expected temperatures in the 90's for our 4th Annual Cornhole Tournament this Friday at 4:00 pm, summer has arrived! Come join the fun and watch teams huck bean bags to support Our Katahdin at the Scootic In in downtown Millinocket. The Scootic will have a beer tent and we'll bring the koozies! Keep the downtown fun going with a street dance that starts next door at the Bandstand at 7:00 pm.
To learn more about the work we've been up to, please keep reading for updates on the mill site, the IRS lien, 230 Penobscot and more!
We hope everyone has a fun and safe time visiting with family and friends over the holiday weekend.
Millinocket, ME - Our Katahdin, a 501(c)(3) non-profit, has reached a $450,000 settlement amount with the Internal Revenue Service (IRS) that will allow for full discharge of the $1.5 million federal lien on the 1,400-acre former Great Northern Paper mill site in Millinocket. This federal lien is a legacy debt that came with the property and has been a primary impediment to redeveloping the mill site.
Read the full press release
Bangor Daily News coverage
Spring is finally starting to show up here in the north woods. The snow is melting rapidly, the rivers are running, bare ground is starting to green up, and the mountain is as beautiful as ever still covered in snow. Here's a snapshot of what we've been up to over the winter.
Our Katahdin has high hopes for the future of the Katahdin Region. We support three economic drivers: the forest products economy with traditional and modern applications, the digital economy with fiber broadband, and the outdoor recreation economy with potential for four-season destination development. We believe in doing this work collaboratively, which is why we staff the regional network called the Katahdin Collaborative.