Economic Optimism

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Governor John Baldacci has been the target of considerable criticism lately for his veto of legislation calling for a racino in Washington County. His detractors, including leadership of the Passamaquoddy Tribe who sought approval for the racetrack-slot machine complex, have represented the proposal as something akin to a last chance for economic development Downeast.

But in truth, things may be looking up for Washington County. Two major projects now in the talking stages hold far greater potential for a long-term economic boost than a racino that would do little more than swap local money from one pocket to another.

One project involves development of a liquified natural gas facility. Two competing plans are now being considered, either of which would generate hundreds of jobs during construction and scores of long-term employment opportunities when operation begins.

Passamaquoddy leadership already has approved the location of an LNG terminal — one that would not involve storage tanks — on tribal property at Pleasant Point, and negotiations are under way with Oklahoma-based developer Quoddy Bay LLC. The federal Bureau of Indian Affairs recently gave its nod for the tribe and developers to continue through the maze of applications and regulatory proceedings that will be necessary before the project is finally approved.

Last week, hundreds of Robbinston residents turned out for a public meeting with Downeast LNG developers Dean Girdis and Robert Wyatt, who are proposing a facility that would include storage at Mill Cove in that community, should the town give its approval.

Last week, the county’s economic hopes got another shot in the arm with the announcement that a newly created Maine company, Ecomelt Corp., is planning a $2.5-million basalt smelting plant at the now-empty Louisiana-Pacific oriented strand board mill in Baileyville.

The plant, which would convert basalt — a volcanic type rock — into products having a multitude of uses, would eventually employ as many as 400 people, according to the developers.

Local voter approval of a $2.5-million bond package would be needed, even though developers say the town would incur no financial liability. Funding would come from the Finance Authority of Maine, with the company responsible to FAME for repayment of the bond.

Obviously, there is a long way from concept to reality both for the LNG facility and the basalt plant. But if the projects receive sufficient local support and due diligence is given to environmental and other regulatory concerns, there is good reason to believe that Washington County’s economy could be on the verge of a much-needed turn for the better.

Without a racino.

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