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Portland cold storage contractors file legal claims over unpaid bills

Renee Cordes April 24, 2025

Some Maine companies that helped build Portland’s $56 million cold storage warehouse say they haven’t been paid for their work.

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Do you rent or own a home?
Poll Description

Maine's housing shortage is fueling the cost of buying a home. In March, Maine's median home price was $381,500, up 9% from a year ago, according to Maine Listings. In Cumberland County, including the Portland area, the median sales price was $565,000 last month. 

Higher prices are also putting pressure on the rental market. Young people, singles and families new to Maine are looking to get rentals, but so are potential home buyers who can't find a home in their price range. Higher interest rates are also an issue.

As a place to rent, Maine ranks No. 13 in the U.S., with average monthly rents reaching $1,971, according to a new Ipsos iSay survey of American renters.

With so many people shut out of buying a home, we're curious what alternatives people are finding. 

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2024 Fact Book: Doing Business in Maine

Fact Book: Doing Business in Maine showcases Maine's many economic development opportunities and the attributes that make Maine a special place to work, live and play. For companies in Maine, and for companies who are looking to relocate or expand into Maine, the Fact Book: Doing Business in Maine is a great resource on Maine market stats and facts. Mainebiz has expanded the information we provide to give company owners and senior managers data and statistics from sources on a national, statewide, regional and local basis to provide the business community with a clear picture of the Maine marketplace.
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