Newspaper article from our research archive:
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Well-connected developers turn potential white elephant into moneymaker.
- Article from:
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Kennebec Journal (Augusta, ME)
- Article date:
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September 30, 2007
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Copyright informationCOPYRIGHT 2007 Kennebec Journal. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Gary Remal
Sep. 30--AUGUSTA, Maine -- City, state and area business leaders responded as if it were a natural disaster when Sanmina-SCI announced in 2002 that it was closing its computer manufacturing plant in north Augusta.
They all worried the 317,000-square-foot building -- with 10 times more floor space than the Augusta Civic Center -- would become a capital city white elephant.
The city even made a secret offer to buy the plant to prevent it from becoming a low-value warehouse or distribution center with few jobs and plummeting tax value.
Instead, a group of local investors with connections at all levels of government stepped in and bought the ...
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