Mix One Nonprofit and an Abandoned Paper Mill…

January 12, 2017; Bangor Daily News

Ownership of the Great Northern Paper Mill building has been transferred for $1 to a small nonprofit made up of local New Hampshire residents intent on building the local economy in a way that’s under the control of the town of Millinocket. The site was previously owned by what is described here as a “controversial New Hampshire based hedge fund.” The mill comes at a cost, of course. There is $1.5 million in tax liability connected to the site. Millinocket, a tiny town with a population that hovers around 5,000, was established as a lumber colony in the early 1900s. If you Google it, the Internet currently pegs the town as a meals, supplies, and lodging hub for those visiting Baxter State Park, which boasts the highest peak in Maine, Mount Katahdin.