Lack of Public Financing Scuttles Arena Complex ; Developer Joseph Boulos Says the Downtown Portland Project Is Dead. Backers Plan to Try Again.

Summary

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The $250 million Lincoln Center office-hotel-arena complex proposed for downtown Portland is dead, the project's developer acknowledged after the Maine Legislature chose not to support public financing for convention and civic centers this session.

"If there's no enabling legislation to build a civic center and convention center, then there is no project," Joseph Boulos said Friday.

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Lack of Public Financing Scuttles Arena Complex ; Developer Joseph Boulos Says the Downtown Portland Project Is Dead. Backers Plan to Try Again.

An option agreement between Boulos and the site's Boston-based landowner hinged on Maine lawmakers passing the legislation before ending their session this year. The Legislature adjourned early Saturday morning w...

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