Maine Municipal Evaluation Board Now In a position to Buy Hampden Recycling, Waste-to-Vitality Facility

A committee representing strong waste pursuits from 115 Maine communities plans to purchase Coastal Sources of Maine’s shuttered Hampden waste-to-energy and recycling plant as a result of no certified bidder has come ahead to take management From the manufacturing unit. The nonprofit Municipal Evaluation Committee, made up of representatives from a number of municipalities, introduced Wednesday that it and the receiver appointed to supervise the bidding course of had reviewed the monetary and technical capabilities of patrons and the receiver decided – and the committee agreed – that there was nobody certified to buy the plant.

“Accordingly, the receiver has knowledgeable the courtroom that an public sale is not going to be crucial,” the committee stated in an e-mail Wednesday. “We’ll now transfer ahead with the sale to MRC beneath the phrases of our ‘stalking horse’ supply, with the receiver searching for ultimate courtroom approval of the sale with a goal of closing no later than June 30.”

In March, the committee stated it deliberate to purchase the plant for $1.5 million if no certified bidder purchased it by June 30. The committee will likely be busy finalizing closing paperwork and reopening plans for the ability, which can embrace contacting a number of stakeholders and potential companions. , together with operators and monetary companions.

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Creator: Amy Calder, Morning Sentinel,
Picture: Fiberight/Maine Coastal Sources

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