Summary
The Bangor City Council is wise to aggressively market its property adjacent to the Penobscot River. As the economy begins to recover, the depressed real estate market will rebound, and demand will return and drive up prices. Buyers will be motivated to purchase before values rise too high.
The city's Economic and Community Development director, Rod McKay, is wise in wanting to act now. The riverfront area essentially has been showcased to many thousands in the past few months through the annual American Folk Festival and the series of outdoor concerts sponsored by Hollywood Slots. "For sale" signs are a small first step.See the full content of this document
Extract
Bangor for Sale
Of more importance is what the city can get out of the interested developers beyond the pu...
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