Town tax break allows Belfast shipyard’s $4 million expansion

Posted on Posted in Business, Government

A $4 million midcoast shipyard expansion cleared one of its final hurdles last week, as city officials put the rubber stamp on a credit enhancement agreement that could allow the business to service superyachts and build ferries.

For the past two years, Front Street Shipyard has been pushing to build Building 6, a 21,700-square-foot hangar-like structure that would allow the company to service and possibly build larger ships.

Source: BDN Maine