V O L . X X V N O. X V I
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Fact Book / Doing Business in Maine
M
aine's first new industrial park in 25 years is
generating lots of buzz as businesses start to
reserve lots inside e Downs, a mixed-use
development in the Portland suburb of Scarborough.
e Downs will occupy 535 acres that have been empty
and unused for decades, except for a struggling harness
racing operation with a small but loyal following.
Dwindling attendance and betting income prompted
the Terry family to sell the 70-year-old track and sur-
rounding land in 2018 to two sets of local brothers —
William, Mark and Roccy Risbara, of Risbara Bros.
Construction, and Peter and Richard Michaud — for
$6.7 million. ey formed Crossroads Holdings LLC
to buy a property that had been on the market for
nearly two decades.
While leaving the Terry family to run the track, the
new owners are proceeding with plans to transform the
land into what they view as "the new Scarborough."
Getting
down to
business
Maine's first industrial
park in 25 years will be part
of The Downs mixed-use
development in 'the new
Scarborough'
B y r e n e e C o r d e s
I N F R A S T R U C T U R E / D I S T R I B U T I O N
R E N D E R I N G / C O U R T E S Y O F C RO S S RO A D S H O L D I N G S L L C
The Downs at a glance
RESIDENTIAL UNITS AND SQUARE FOOTAGE
Housing: 1,986 total units
Commercial: 1,156,000 square feet
Manufacturing: 775,000 total square feet
TOTAL VALUE OF NEW SPACE
Housing: $396 million
Commercial: $143 million
Manufacturing: $75 million
ECONOMIC IMPACT
2,400 to 3,350 direct jobs
DEMOGRAPHICS
Total people: 3,600 (15% of Scarborough)
School-age children: 350 (11% of Scarborough)
Housing units: 1,986 (19% of housing units)
S O U R C E : Developers, town of Scarborough
The Downs mixed-
use development
will occupy 535
acres in the heart
of Scarborough, one
of Maine's fastest-
growing towns.
