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Journal Tribune (Newspaper) - November 8, 2008, Biddeford, MaineWikane Home to him etf.jai5.iiw it it Dolhar \ old i me 124-\n. 262 your Placo to got local Maine medal Wii Veteran honoured for his service cd. Economy jobless rate hits a 14-year High of 6.5%, a9. Pakistan . Again targets Taliban with missile strike a10. Saturday sunday november 8-9, 2008 foreclosure sole set for River dam nil Rivord am Mih Yord in so Deford As seen on Friday. 8y dam memos staff writer Biddeford a about three years ago Albert Nickerson travelled from Portland to Boston on the Amtrak Dow easter train. As he passed through Saco he was enthralled by the spectacular View of a Waterfall flowing into the Saco River. He also noticed the red Brick Mill buildings looming in the background and decided to open his business in one of those buildings a part of the River dam Mill Complex. At the time Nickerson thought the space had huge potential. Now however the future of the River dam Mill Complex is Uncertain. A foreclosure Sale for the property has been scheduled for dec. 9 at a 11 . By mortgage Holder to Bank . Steven Sobol the Developer behind Taylor Millyard Lac which owns the 24 Pearl st., two building Complex situated on a 3.75 acre riverfront parcel is behind on his mortgage payments. Although Sobol s problems May not Stem from the broader National financial crisis according to sources Sobol has been having financial difficulties for More than a year the crisis that some economists Are referring to As a recession Likely Hasni to helped. Nickerson who owns the Floral design company 1 love Flowers and operates other artistic pursuits from his River dam Obama Tyk Manama �4 Man Hunt inf to til. Asso outbox a toss it toys Chicago a inheriting an Economy in peril. President elect Obama warned on Friday that the nation faces the challenge1 of a lifetime and pledged he would act urgently to help americans devastated by lost jobs disappearing savings and Homes seized in foreclosure. But the Man who promised change cautioned against Hopes of Quick solutions. A it is not going to be easy for us to dig ourselves out of the Hole that we Are in Quot Obama said at his first news conference since winning the presidency on tuesday. The no. 1 priority Obama said is to get Congress to approve an economic stimulus plan that would extend jobless benefits Send food Aid to the poor dispatch medicaid funds to states and spend tens of billions of dollars on Public works projects. If the plan is not approved this month in a special session of Congress Obama said that a i t will be the first thing 1 get done As president of the United states a in his first appearance since a jubilant election night Celebration Obama sought to project an air of Calm and reassurance to a deeply worried nation. He stood in a presidential like setting with an array of eight american flags so oboe life Page a2 Pelt Guenther and his son on thursday. Of Putney it. Get dose to surf shooting out of spouts Rode in tax foes Rufing High plan new measures by a vip Sharp s i ii-----1aj-a As Sockum Ness wow Portland a after a couple of failed attempts tax foes finally mustered a Victory in a statewide referendum to rein in taxes in Maine. With the beverage tax abolished on tuesday voters next will Likely face two More tax related referendums on election Day a year from now. For lawmakers its an ominous sign As they face a budget shortfall of at least $500 million for the coming two year Cycle. Sen. Peter Mills a Comville said the tax repeal along with the narrow Victory for water Bonds serve As a scene setter for the upcoming session. A it sends a signal at this Point that no form of new Revenue is appropriate and maybe that a the Way to Start this session right a he said. A a it la give the democratic majority great pause in terms of raising taxes to get out of this sen. Joe Perry taxation committee co chairman agrees that there a a sense of foreboding following previous budget shortfalls that Date to gov. John Baldacci a first term in office when lawmakers had to close a Gap of $1.2 billion. Since then there have been smaller shortfalls including $190 million it year. A i done to know How we get out of this without looking at revenues or hitting the Rainy Day fund or cutting spending or All three a the Bangor Democrat said. For All the uproar Over Maine a tax Burden mainers previously failed to enact a referendum to Cap property taxes in 2004 and two years later Page a3 a Bright ideas expected to save Money Energy in Saco a Kuzmi Tiki staff write Saco a a City sponsored pro Gran distributing free Light bulbs on election Day was a simple step towards Energy conservation in the Community say City officials. The City purchased 8,000100-Watt compact Fluorescein Light bulbs which normally Cost $1.85 apiece said City councilor Eric Cote. The City s Cost for each Light bulb was $1.05, because stale Agency efficiency Maine contributed .80 toward each bulb said Cote. Each Light bulb saves 40-kilowatt hours a year said Cote. At 16 cents a kilowatt that s about $6.40 in savings a year. Multiply this figure by 8,000 and that a about $51,000 in savings a year in the City of Saco if All bulbs Are used. The bulbs last about five years said Cote. A when you look at Cost and pay Back its a huge amount of Money saved in the Community a said Cote. Volunteers handed out 5,500 Light bulbs on tuesday said Cole. The remaining 2,500 Light bulbs will be distributed to residents at City Hall he both Cote and mayor Roland Michaud referred to the Light bulb project wednesday at a Public so Bufes Rogo a3 compact fluorescent bulbs in their boxes at Saco City Hall As seen on Friday. Location believes there is still enormous potential for developing the former Mill buildings which Date Back to the 1800s. What a been holding it Back said Nickerson was a a past owner who realize its potential a City manager John Bubier a assessment of Sobol was More generous. A a he a a very honorable Man said Bubier. A the worked with us on the City Side. He did everything we asked him to a a it a a very sad Story a said Bubier. A the just got beat by the developing Biddeford a former Mill so River dam Page a3 county cuts Likely to bring layoffs by Tammy Wius staff a Titan Alfred a layoffs of county staff appear Likely As York county commissioners contemplate an estimated $1.6 million Cut to the amount of Money to be raised from cities and towns. Right now however the talk is preliminary and no hint of the number of employees that May face Layoff has been voiced. Commissioners will meet thursday at 4 30 . With employees and their Union representatives at York county courthouse to explain the financial situation. As matters currently stand York county a proposed Overall budget for next year stands at $21 million with about $16.5 million to be raised by taxing York county municipalities. But the amount of tax to be levied on local governments is Likely to change. County officials said that figure is just too much to place on the backs of the towns and cities which Are struggling already and facing the Likely Prospect that lose state Revenue. This year $14.5 million was raised by taxing the municipalities. County manager Richard Brown and others said the state spending Cap under . 1 for York county government is about 6 percent for 2009. The county however wants to be Able to pass on no More than a 4 percent increase. Commissioner Richard Dutremble said that works out to about $1.6 million in cuts or about 10 percent across the Hoard. That Type of reduction is almost certain to mean a shrinking county workforce county officials have said. York. County employees More than 200 workers. A one thing is Crystal Clear we re really in some deep weeds when it comes to where we Are economically and where it goes going Forward a Brown told commissioners earlier this week. �?o1 know we May be legally Able to go to 6 percent under . I but i guess most communities done to think that a a Nice number. We have a significant problem. When we decide what we Are obligated to and can fund there will be a big piece left Over. We so county Page a3 for Home delivery 207 282-1335 a weather and Tunny ran pegs a2 Tony Dimo Sorokos owner of Tom ii maj Lukl in Mill vhf Vongi Oil loft of Tolj is taking a new approach to pizza Al a Well known location. D1 Index 40 pages Abby was sea comics Community local Region a3 mmiwmm1. To Al it a pm if Endiana As obituaries As opinion a6-7 sports 11-7 television e3 world Natl As-10,04
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