BANGOR DAILY NEWS • September 30, 2020
On Wednesday, the Municipal Review Committee announced that three potential investors have made formal offers on the $90 million Coastal Resources of Maine plant, including one that would operate the plant on its own and two that would hire outside contractors to run it. The Hampden plant closed its doors at the end of May after running out of operating funds and failing to secure a $14.7 million loan from the bondholders who have a $52 million stake in the facility. It owes millions in additional debts to contractors that helped run the plant and to the MRC, and a court-appointed receiver is now overseeing its idled operations.