Mainebiz

W W W. M A I N E B I Z . B I Z 13 D E C E M B E R 9 , 2 0 1 9 of undeveloped land in the town of Sebago. To date, the fundraising campaign to purchase and protect the property has raised nearly $1.3 million, with an additional $286,000 needed to purchase the property by the end of the year. Raging Bull Saloon opened at 228 Water St. in Augusta. BikeMaine has $4M impact e cumulative economic impact of the annual BikeMaine trek through the state has now passed the $4 million mark since it began in 2013, organizers said. e total economic impact of September's weeklong event, which is organized by the Bicycle Coalition of Maine, was $906,227. Of that total, riders, many from out of state, contributed more than $677,239 in lodging, food, shopping, recreation and transpor- tation spending. e total impact represents a growth of more than 20% over the total impact of the 2018 ride, and brings the cumulative, eight-year impact of BikeMaine to more than $4 million. e 2019 tour went through the lower Kennebec Valley and the mid-coast includ- ing Waterville, Hope, Damariscotta, Nobleboro, Warren, Rockland, Belfast, Winterport, Monroe and Brooks. N O T E W O R T H Y M I D C O A S T & D O W N E A S T WERU Community Radio in East Orland was launched a mobile app made possible by a grant from the Maine Community Foundation. Camden National Bank donated a total of $10,000 to five homeless shelters in Maine including Emmaus Homeless Shelter in Orland, Shaw House in Bangor, New Beginnings Inc. in Lewiston, Hospitality House in Rockland and the Joe Kreisler Teen Shelter at Preble Street in Portland. First National Bank in Damariscotta donated $10,000 to Wreaths Across America to sponsor the kitchen reno- vation at the History & Hospitality House in in Columbia Falls. Railroad has new owner e former Montreal, Maine & Atlantic Railway, whose runaway freight train created an inferno killing 47 people six years ago in Lac-Mégantic, Quebec, may soon have a new owner. An affiliate of Fortress Investment Group, which after the disaster purchased and renamed the rail line Central Maine & Quebec Railway, is now selling it to Canadian Pacific (TSX, NYSE: CP) for $130 million, according to documents filed with the Securities and Exchange Commission. e deal is expected to close by the end of the year. Central Maine & Quebec, headquartered in Bangor, owns 481 miles of track, primarily in Maine and Quebec. Fortress paid $14.25 million at auction for the Montreal, Maine & Atlantic, which declared bankruptcy in August 2013. Fortress relaunched it in 2014. Over five years, it has spent about $55 million to rebuild the rail operator as well as its tracks and rolling stock. N O T E W O R T H Y N O R T H E R N & E A S T E R N Dysart's Travel Stop, a gas station and convenience store at 366 Coldbrook Road in Hampden, completed renova- tions and re-opened for business. The city of Bangor's Community Connector public transit system received $1.3 million from the U.S. Department of Transportation's Grants for Buses and Bus Facilities Program to construct a new multimodal bus transit center with enhanced amenities. Eastern Maine Community College in Bangor said it is launching a 30-credit Substance Abuse Rehabilitation Technician Certificate program that meets state requirements for gradu- ates to become certified alcohol and drug counselors. Classes are sched- uled to begin in spring 2020. The Municipal Review Committee in Orono accepted Coastal Resources of Maine's certification of successful completion of its required performance test. As a result, all of MRC members' waste and co-mingled recycling has been sent to the Coastal facility in Hampden on a nonstop basis. 207. 482.7920 | NorwaySavings.bank FAMILY ASSET MANAGEMENT I N V E S T M E N T M A N AG E M E N T • T R U S T S E RV I C E S • FI N A N C I A L A DV I C E • E S TAT E P L A N N I N G get to know the At Norway Savings, our Asset Management Group believes in Family Asset Management. Simply put, it means we do right by you and your loved ones. More than an advisor, as a fiduciary we will help you manage your wealth by putting your interests first. Every family has a story. Let us help you write your next chapter. FAM Not FDIC Insured • No Bank Guarantee • May Lose Value N O R T H E R N & E A S T E R N M I D C O A S T & D O W N E A S T

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