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W W W. M A I N E B I Z . B I Z 9 M A R C H 2 3 , 2 0 1 5 impact on Sugarloaf, Sunday River and other properties because their long-term leases will remain intact under new ownership. Sappi: Skowhegan $100M valuation drop not enough Sappi North America is for- mally seeking a further reduction in the property valuation for its Skowhegan mill, claiming the $100 million valuation decrease the town approved last year was not enough. e Bangor Daily News reported Sappi announced its abatement request on March 9, saying it is "critical to the long-term fi nancial health of the mill." e news- paper reported that an appraisal Sappi commissioned from Duff & Phelps came in at $326 million for its Skowhegan mill and property, which is $238 million lower than the valuation of $564 million that town offi cials cut by $100 million last year. Sappi's appraisal also is $138 million lower than its current $464 million valuation. Italian fi rm to spend $6M on Lewiston plant Italian manufacturer Modula said it plans to spend $6 million on upgrades for a subsidiary's plant in Lewiston — an investment expected to eventually create 70 new jobs. e Sun Journal reported that Modula announced its invest- ment plans for System Logistics' facility in Lewiston in early March. e Lewiston company was known as Diamond Phoenix before it was purchased by System Logistics in 2009 and became its North American arm. e company's Lewiston plant employs 50 people. N O T E W O R T H Y C E N T R A L & W E S T E R N The New Balance Foundation pledged $2.55 million to the New Balance Foundation's "Billion Mile Race," in a collaboration with ChildObesity180 at Tufts University and the 100 Mile Club. The effort is focused on increasing quality physical activity for children. The race invites students to collec- tively reach 1 billion miles through participation in school-based walking, jogging and running clubs. Androscoggin Home Care and Hospice in Lewiston recently moved its Norway offi ce to The Golden Arch building located at 39 Main St. in Norway. www.littler.com One Monument Square, Suite 600 Portland, ME 04101 • 207.774.6001 BANGOR MAINE 1 College Circle, Bangor 207.941.7134 NORTHERN MAINE On the NMCC campus 207.760.1176 SOUTHERN MAINE 340 County Road, Westbrook 800.562.1294 Find out more at... learn.husson.edu | 800.448.7766 Whatever your goal... at Husson we're committed to ensuring that the future you want is not only in sight, but also within reach. Husson offers... ■ Prior Learning Assessment Earn up to 30 credits toward your Bachelor's degree! ■ Undergraduate and graduate degree programs ■ Affordable tuition ■ Flexible class options Online, afternoons, evenings and weekends ■ Convenient locations Westbrook, Bangor, and Presque Isle Take your career to the next level! Lee Speronis, JD, BS, CHE Assistant Professor and Director, School of Hospitality, Sport and Tourism Management, College of Business