A new Hampton Inn has opened in Lewiston, ME, but the Sun Journal forgot to mention in its story something it reported some time back, namely that it was built with a subsidy from the Agriculture Department which is actually meant to be helping farmers in Maine and elsewhere.
Sun Journal, ME - Developers
will receive a $7 million guaranteed loan to help build a 93-room
Hampton Inn on Lincoln Street. The $7,023,258 USDA Rural Development
Business and Industry Guaranteed Loan to Lincoln Street Hoteliers LLC
will be in partnership with Machias Savings Bank..
The $12.3
million facility is expected to contribute to the city’s continuing
downtown redevelopment efforts. It would be marketed as a three-star
hotel, slightly less expensive than Auburn's Hilton Garden Inn
Riverwatch hotel on the other side of the Androscoggin River.
The
purpose of USDA Rural Development’s Business & Industry Guaranteed
Loan Program is to improve, develop or finance business, industry and
employment and improve the economic and environmental climate in rural
communities.
USDA Rural Development has invested a total of $402.5 million in Maine communities in the last fiscal year.
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