Posted inMaine, sj-web

Scarborough approves tax deal to build new downtown at the Downs

SCARBOROUGH — Scarborough Downs is on track to be redeveloped into a mixed-use village center under a 30-year, tax-supported plan approved by the Town Council on Wednesday night. The deal with hometown developers was widely considered one of the most important and contentious decisions to face the council in decades, prompting Councilor Don Hamill to […]

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Posted inMaine, sj-web

First phase of Scarborough Downs redevelopment approved

The Scarborough Planning Board on Tuesday unanimously approved subdivision and site plans for the first phase of the redevelopment of Scarborough Downs. The multiphase project calls for building four 12-unit apartment buildings, 16 single-level duplexes and four eight-unit garden-style condominium buildings between Route 1 and the racetrack. The nearly 500-acre property was purchased in January […]

Posted inBusiness, sj-web

Plan to redevelop Scarborough Downs hits a nerve in town

SCARBOROUGH — The Risbara and Michaud brothers are successful local businessmen and longtime friends who grew up in town and raised families here. Scarborough Downs is a failing harness-racing venue that more than a dozen would-be developers, most from out of town, have failed to rescue or reinvent in recent years. So when the brothers purchased […]

Posted inMaine, sj-web

Officials consider tax break for Scarborough Downs redevelopment

Scarborough town officials are considering a proposed credit enhancement agreement to support the redevelopment of Scarborough Downs that would return as much as $75 million in property taxes to the developers over 30 years. The developers say the financing is necessary to realize the town’s goal to turn the nearly 500-acre property into a long-desired […]

Posted inBusiness

Local group to buy Scarborough Downs, lease track to current owners

Scarborough Downs is being purchased by a local holding group that includes two lifelong Scarborough residents, the group announced Thursday. Scarborough-based Cross Roads Holdings is under contract to buy the 480-acre parcel at Scarborough Downs and lease the track to its existing owners.. The holding group’s management team includes William, Marc and Rocco Risbara III […]

Posted inBusiness, sj-web

Maine’s in the mix as 238 places vie to host Amazon’s 2nd headquarters

Amazon Corp. said Monday that it has received 238 location proposals for its planned second headquarters from cities and regions in 53 states, provinces, districts and territories across North America. They include at least two confirmed proposals from Maine. A spokesman for the Seattle-based online retail giant said the company won’t disclose how many proposals […]

Posted inMaine, sj-web

Scarborough Downs site for Amazon’s second headquarters? It’s a long shot

Clouds are reflected in the grandstand windows at Scarborough Downs last year. Town officials are proposing the racetrack site as a contender for Amazon’s new facility, which would eventually employ as many as 50,000 people  Amazon Corp. is looking for a place to put a second headquarters, and the town of Scarborough is getting into […]

Posted inLetters

Outrageous grandstand

It was sad to see the article (May 3) depicting the demise of harness racing in Maine. Was there anything that could be done to prevent the destruction of that beautiful sport? Years ago, after Scarborough Downs was designated to be the flagship of Maine’s harness racing, I took my parents down there to enjoy […]