Portland Pays for Seized Waterfront Land
August 31, 2014
The Maine Department of Transportation has paid a Portland businessman $7.2 million for 18 acres of industrial waterfront land it seized from him this spring, according to an article on PressHerald.com.
That payment is more than double what the businessman paid for the same land just two years ago, according to tax records and information obtained by the Portland Press Herald through a Freedom of Access request. But the businessman, Phineas Sprague Jr., has given the state notice that he will likely challenge the value, a process that could take years of litigation.
Read about the legal battle over seized waterfront land in Portland.