This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

U.S. Bank Closes On More Than $2.6 Million In Financing For Next Phase Of Development At Brunswick Landing

U.S. Bank will provide more than $2.6 million in New Markets Tax Credit equity for the next phase of construction at Brunswick Landing, an expansive redevelopment of the former Naval Air Station Brunswick campus. U.S. Bank’s financing will fund the renovation of a 9,000-square-foot facility on the Brunswick campus into space for Providence Services Corporation (PSC), the largest provider of child behavioral health and autism services in the area. The renovation will also support the expansion of the Midcoast Veterans Resource Center (MVRC), a non-profit organization that seeks to enhance the ability of veterans to support and care for themselves and their families.

Naval Air Station Brunswick was originally constructed in 1943 and was operated as a military base until 2011, since which time Midcoast Regional Redevelopment Authority (MRRA) has overseen its redevelopment into a progressive 3,200-acre, mixed-use campus. Equipped with state-of-the-art facilities, it includes nearly two million square feet of commercial and industrial space and Brunswick Executive Airport.

“We’re pleased to play a role in funding the next phase of Brunswick Landing,” said Laura Vowell, vice president for U.S. Bancorp Community Development Corp. the U.S. Bank subsidiary that provided the financing. “This redevelopment project combines essential social services with innovative commercial and industrial space, giving Brunswick an economic boost for years to come.”

The 9,000-square-foot PSC facility, a former bowling alley, will be renovated into professional offices, conference and classroom space, and an indoor playground, all to be operated by PSC. The project will bring PSC’s total employment at Brunswick Landing to 150 people, including 60 employees who will be relocated there as a result of the expansion. PSC serves more than 1,500 individuals annually across 15 counties in Maine.

A conference room also will be built for the MVRC, providing additional space where veterans can obtain benefits, services and resources in support of their reintegration into the community. Since opening in September 2013, MVRC has served 240 veterans with a staff of 16 volunteers.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,678.23 -40.31 -0.23%
S&P 500 2,056.15 -4.90 -0.24%
NASDAQ 4,863.3620 -13.1570 -0.27%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs