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what happened to kestrel

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luckyleftyme2 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-17-12 08:10 AM
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what happened to kestrel

well we all see how the right brings in new jobs;then drops the ball!
makes you wonder if they have to wait till the right wheels are greased.
In his news release, LePage appeared to blame any initial mishaps in the deal on Coastal Enterprises, Inc. -- a private, nonprofit community development and finance company -- but said the state had rectified the situation.

"The State of Maine has come back to the table with additional assistance when Kestrel's expectations of financing from Coastal Enterprises, Inc. were not met," LePage said.

Charlie Spies, chief executive officer of CEI Capital Management, said he was baffled by governor's statement.

Coastal Enterprises Inc. offered part of the financing for the development in Brunswick, putting together an investment package with federal New Markets tax credits to steer about $5 million in cash toward Kestrel.

Spies said Coastal Enterprises never indicated they would provide more. He also said a letter of intent signed in the fall of 2010 that outlined the investment package never indicated a larger amount.

does this smell like miltynokett? I mean wtf is going on here!I have seen this scenrio run over and over again in towns and cities in this state for years.do you realize how many years ago that brunswick sta. was placed before the planning board? how many investors went belly up? and of course the design changed but the same town owned lot size remained.what I remember was 1974-1975 and cons't started about 2008!
Is that how long it will take to get 600 jobs at brunswick landing(the old navy base)????
I mean wtf get involved our kids need jobs!
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