The Portland Daily Sun 8-5-2011

Page 1

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Pierce Atwood offices up for grabs Med pot Newcomer to dispensary One Monument Square may be group gets Portland-based professional firm $1.6M loan BY DAVID CARKHUFF

BY CASEY CONLEY

THE PORTLAND DAILY SUN

THE PORTLAND DAILY SUN

When the Pierce Atwood sign towering over Monument Square is dismantled and taken down by this fall, odds are its replacement will belong to a professional firm, perhaps a corporation from Portland, and the new tenant may even be a prominent name known to Portlanders. At least that's the speculation as Burlington, Mass.-based Finard Properties, owner of One Monument Square, prepares to replace its departing tenant, Pierce Atwood. The state's largest law firm is leaving the downtown, as a $2.7 million tax break for the development of new offices on the waterfront provided the lure for the law firm to relocate into a converted 1840-era storage building on Merrill's Wharf. Some voiced opposition to easing taxes on the $12 million development, but in the end, City Councilor John Anton was the only councilor to vote against a tax increment financing incentive for the Pierce Atwood move. The law firm is scheduled to exit One Monument Square by Oct. 1, according to Jim Harnden, real estate agent for Malone Commercial Brokers, representing the building's owners. An ideal replacement see OFFICES page 8

Invasion of the Volvos See Jeffrey S. Spofford on page 4

Northeast Patients Group, the nonprofit medical marijuana dispensary that nearly ran out of money earlier this year, has found a new investor. The Wellness & Pain Management Connection LLC (WPMC), an investment group that includes former NBA player Cuttino Mobley, has agreed to give the Augusta-based nonprofit a $1.6 million loan. The agreement also allows WPMC to charge Northeast for various consulting services. Northeast, or NPG, has permits to open four dispensaries in Maine, including one planned for Portland. The agreement between the two parties was finalized on Aug. 3. see POT page 3

South Portland mulls replacing paper with iPads BY MATTHEW ARCO THE PORTLAND DAILY SUN

Emily Cooke strides in front of the One Monument Square building Thursday. (DAVID CARKHUFF PHOTO)

The South Portland City Council is mulling adopting new technology by ditching paper agendas and purchasing iPads for its elected officials. Councilors discussed the item during a Monday workshop, and on Thursday, South Portland's city manager, Jim Gailey, said "the council was very willing to take the next step." He says the see iPADS page 8

College students and voting Traffic change on I-295 NB Beach to Beacon fulfills dream See Justin Chenette on page 5

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