Tree Frog Forestry News

Timeline: The often-dashed hopes for redevelopment of the Millinocket paper mill

By Matthew Stone
Bangor Daily News
January 10, 2019
Category: Business & Politics
Region: US East, United States

The town of Millinocket rose around the Great Northern Paper Co. mill. And since the mill’s 2008 closing, there have been various hopes of redevelopment. The latest hope, however, was dashed late last year when a cross-laminated timber manufacturer said it would abandon plans to build a $30 million manufacturing facility at the mill site due to a $1.4 million IRS lien on the property. What follows is a history of the Millinocket mill site since the mill’s 2008 shutdown. 2008 … Brookfield executives reveal that Millinocket’s mill has lost $57 million since 2004. … 2012 Cate Street’s project to produce what the company calls torrefied wood pellets gets its first state permit. … 2018 An IRS lien against the mill property stemming from $1.4 million owed to the IRS by two Cate Street-created entities helps derail plans by Ligna Terra, a cross-laminated timber manufacturer, to build a $30 million factory at the Millinocket mill site.

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