AUGUSTA - A $25 million borrowing package to revitalize riverfronts in Maine communities is being proposed Tuesday in the State House.
Sen. Peggy Rotundo of Lewiston is lead sponsor of the bond bill. The Democrat also co-chairs the Appropriations Committee, which reviews bond issues.
Rotondo said money from the bonds would help towns and cities to stimulate economic activity along their rivers. Examples of projects include restoration of abandoned mills or creation of a riverfront park.
Supporters said revitalized riverfronts are attractive to business and can enhance regional tourism -- both of which boost local tax revenues.
Refurbished mills on the Androscoggin in Brunswick and Topsham have become magnets for small businesses. Old Town's manager, Peggy Daigle, said its redeveloped riverfront has also become a local recreational site.
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