Third auction planned for Moosehead plant
The former Moosehead Furniture plant in Monson is once again headed for the auction block, after a previous $1 million bid fell through.
Mortgage holder Machias Savings Bank will auction off the plant on May 5, according to the Bangor Daily News. In August, Louise Jonaitis submitted a winning bid of $1.05 million for the property and equipment, but environmental problems with the property led her to negotiate with Machias Savings to purchase only the equipment and other assets, which she removed from the property and auctioned off in December. Jonaitis, who owns numerous other wood products facilities in the state, had planned to reopen the plant and previously encouraged the town to help her seek grants for environmental remediation. However, discussions among Jonaitis and Monson and Piscataquis County Economic Development Council officials fell through, according to the paper. Jonaitis has leased space in the Monson Community Center to open a retail outlet for Moosehead Furniture, which should open this summer.
Moosehead Furniture, formerly Moosehead Manufacturing, closed in January 2010 and was slated for auction, but an 11th-hour bankruptcy filing canceled that auction. The property went on the auction block last August after the Passamaquoddy Tribe decided not to buy it as initially proposed.
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