Cate Street Capital will receive a $16 million bond, not a $25 million bond.

Submitted by Around Town Web... on Thursday, April 17th, 2:57 pm

MILLINOCKET, Maine (NEWS CENTER) -- The company looking to build a pellet mill in the Katahdin region suffered a major setback Thursday.

The Finance Authority of Maine board voted 8-5 to decrease a $25 million dollar bond to finance the project, down to $16 million. The board cited concerns about the amount of collateral.

Cate Street Capital, the company behind the mill project, said they were disappointed in the reduction and are unsure how the decreased money will affect the project.

View Comments | Post a Comment

Submitted by Kerry Leary

Friday, April 11th, 2014, 11:21am

Nancy Hurst

View Full Gallery

View Comments | Post a Comment

National Pet Day - Part 2

Submitted by kyearout on Friday, April 11th, 10:54 am

Michelle Banville

View Full Gallery

View Comments | Post a Comment

National Pet Day

Submitted by kyearout on Friday, April 11th, 9:04 am

Shiloh

View Full Gallery

View Comments | Post a Comment

Submitted by Kerry Leary

Thursday, April 10th, 2014, 2:29pm

View Full Gallery

View Comments | Post a Comment

'Thermogen' project in Millinocket faces uncertain future

Submitted by Around Town Web... on Thursday, April 10th, 10:13 am

MILLINOCKET, Maine (NEWS CENTER) -- A project that many hoped would bring jobs back to Millinocket now faces an uncertain fate as officials in Maine will once again have to consider whether they should approve state taxpayer-backed financing for the project

The Thermogen project has been years in the making for the town. 'Cate Street Capital,' which is the company that owns the site of the old Millinocket paper mill, has been looking to build the new plant since 2011.

'Cate Street' wants to make energy rich wood pellets called 'biocoal' on the site of the old mill. Yet now changes to the plant's production model could put it's funding in jeopardy.

View Comments | Post a Comment

Submitted by Diane Atwood, Catching Health with Diane Atwood

Monday, April 7th, 2014, 10:29am

Why won’t my aging parents let me help them?

Have you had moments of frustration, wanting to help your aging parents in some way only to find they refuse you? It can be very frustrating to meet with resistance. You likely find yourself experiencing a great deal of ambivalence — strong, conflicting feelings that can be unsettling.