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V O L . X X I X N O. I I JA N UA R Y 2 3 , 2 0 2 3 10 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E Safe Haven Spa opened at 64 Griffin St. in Presque Isle. Northern Light Pharmacy in Bangor introduced four electric Chevy Bolt EUV vehicles to its delivery fleet. Three de- livery vehicles are located at its phar- macy in Bangor and one in Waterville. A fifth is planned to be added at its Portland location in January. Katahdin Bankshares Corp., parent company of Katahdin Trust Co. in Houlton, announced that its board of directors approved a stock buyback program. The program authorizes the purchase of up to $2 million of the company's outstanding shares of common stock through December 31, 2023. Earn up to 4.75% APY with our Best in Market CD Rates Federally Insured by the NCUA • Equal Housing Opportunity • NMLS #411696 www.infinitycu.com 207-854-6000 B R I E F A former Maine Veterans' Homes site will become home to arts academy B y L a u r i e S c h r e i b e r Augusta — Maine Arts Academy, a charter school for the arts, plans to move to a building in Augusta that's about six times bigger than its current location in Sidney. The academy bought 310 Cony Road from Maine Veterans' Homes Augusta for $3.25 million. Chris Paszyc of the Boulos Co. and Ann Castonguay of Sprague & Curtis brokered the transaction. "Maine Ar ts Academy has grown in enrollment every year it has been open, and we are excited to continue to expand program- ming to any high school student in the state of Maine who is interested in a free public arts education," said the academy's head of schools, Heather King. The seller The 69,615-square-foot building on 8.9 acres, near the Capital Area Sports Complex and Viles Arboretum, was constructed by Maine Veterans' Homes in 1983 with an addition in 2003, said Paszyc, who represented the seller. "The building is in excellent condition for its age," he said. Maine Veterans' Homes sold the property because it opened a new Augusta facility, at 35 Heroes Way, in August 2021, he said. Maine Veterans' Homes is a nonprofit that provides care to veterans, their spouses and Gold Star parents at six homes — in Bangor, Caribou, Machias, Scarborough, South Paris and a new location in Augusta. Maine Veterans' Homes began marketing 310 Cony Road with the Boulos Co. in August 2022. Multiple offers and back-up offers were received. The buyer "This is a win-win for Maine Arts Academy and the city of Augusta," said Castonguay, who represented the buyer. Maine Arts Academy opened for the 2016-17 school year as a free public high school for the arts, including music, dance, theater and visual arts. Located in a leased building of about 12,000 square feet at 11 Goldenrod in Sidney, it educates students from over 30 districts statewide. The academy is looking to do some renovations to the new spot, but nothing that would prevent it from moving in after its lease in Sidney expires in June. Renovations include taking down some walls to optimize space and install- ing elements such as dance flooring for the dance studio. P H O T O / C O U R T E S Y O F BO U L O S C O. The 69,615-square-foot building on 8.9 acres at Cony Road has plenty of space for the Maine Arts Academy to expand.

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