Portland Public Library Portland Public Library Digital Commons Casco Bay Weekly (1990) Casco Bay Weekly 8-23-1990 Casco Bay Weekly : 23 August 1990 Follow this and additional works at: http://digitalcommons.portlandlibrary.com/cbw_1990 Recommended Citation "Casco Bay Weekly : 23 August 1990" (1990). Casco Bay Weekly (1990). 30. http://digitalcommons.portlandlibrary.com/cbw_1990/30 This Newspaper is brought to you for free and open access by the Casco Bay Weekly at Portland Public Library Digital Commons. It has been accepted for inclusion in Casco Bay Weekly (1990) by an authorized administrator of Portland Public Library Digital Commons. For more information, please contact
[email protected]. RECEIVED AUG 2 2 199qNSIDE: USM rorrn_MVNlIY.lBOGRAMS - . COURSE GUIDE Greater Portland's news and arts weekly AUGUST 23, 1990 FREE Payin' for the land down under Marine operators A new Maine law says that owners of marinas, in Portland waterfront property values average $700,000 boatyards and floating restaurants win have to pay up to an acre and many pier and wharf owners are facing 23 times the amount they currently pay to '1ease" the making splash about dramatic increases. Investors interested in building a statEXIwned "submerged land" their businesses float marina or expanding one may shy away from Portland, over. Under the new law, fees depend on the value of where the prospective development faces much higher "submerged land" fees property adjacent to docks and other structures. fees than elsewhere in the state. In Phippsburg, waterfront property values average Struggling along in a stormy economy and seeing $60,000 an acre and the new fee structure could give pier By Alldy Newman competitors up and down the coast steering clear of and wharf owners there a break on the amount they sharp increases, some Portland pier and wharf owners presentlypay,encouragingwaterfront development.