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March 24, 2010

Brownville resort still on table

By The Mainebiz News Staff

A 3,000-acre property in Brownville has been spared from the auction block, and its developer says he is still moving ahead with plans for a high-end resort.

Great Oak Capital LLC, which holds the mortgage for the land, postponed the auction scheduled for March 3 after negotiating with its owner, WHG Development, according to the Bangor Daily News. Jim Dennehy, president of the California-based company, told the Brownville Planning Board Monday night that despite the economic conditions, he's "forging ahead" with plans for a year-round resort with a hotel, convention center and golf course, among other uses.

The planning board gave Dennehy another one-year extension to submit his final plan, according to the paper. Dennehy first proposed the $500 million resort in 2005.

Go to the article from the Bangor Daily News >>

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