"With the collapse of the finance markets and the subsequent credit crunch, what was attractive and possible just a few months ago now carries a great deal of risk,' said Bill Caron, president of MaineHealth, in a statement issued Friday.
The two organizations had planned to relocate their administrative offices in Portland to a new eight-story building on former railroad land at Somerset and Chestnut streets.
Included in the project was a 700-car parking garage, funded in part with $9 million in grant money the city obtained through the U.S. Department of Housing and Urban Development."
Sunday, April 5, 2009
Bayside Office Building Plan Cancelled
The proposed new office building for MaineHealth and United Way has been scrapped.