FirstPark in Oakland pays off bond debt, looks to future
The 285-acre commerce and technology center s 24 member communities are looking to boost tax revenues and sell more lots.
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Entrance to FirstPark on Kennedy Memorial Drive in Oakland on Friday. Michael G. Seamans/Morning Sentinel
OAKLAND FirstPark has paid off its bond debt. Now, the commerce and technology center off Kennedy Memorial Drive in Oakland is working to deliver greater return on its member communities’ investments in the park by boosting tax revenues and selling more lots at the 285-acre campus.
Last week, the business park made its final bond payment to the Maine Municipal Bond Bank, wrapping up the 20-year loan the park and its 24 municipal members signed with the intention of gaining a source of tax revenue.