PORTLAND, Maine — Construction delays on a Portland, Maine, housing project have cost residents over $170,000.

The Portland Press Herald reports (http://bit.ly/2soi1Pl ) taxpayers have paid interest on a Department of Housing and Urban Development loan taken out by the Federated Cos. for a project that includes housing units and a parking garage. Federated purchased the land from the city for $2.3 million in June.

The firm hasn’t started construction even though site plans were approved in 2015.

Federated changed plans in favor of taller buildings even after a lawsuit against the high-rises was filed by residents. The firm has also marketed a portion of the project to other developers and switched construction plans.

Portland’s economic development director Greg Mitchell says he is hopeful construction will start this year.


Information from: Portland Press Herald, http://www.pressherald.com

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