BELFAST, Maine — The sale of a crumbling sardine processing plant to a group of Maine maritime professionals who intend to transform the waterfront land into a major regional shipyard should be final by Friday, according to two of the investors.
Once the sale is closed on the former Stinson Seafood property, the new owners plan to start right away to develop the new entity, Front Street Shipyard, investor Taylor Allen of Rockport Marine said Wednesday. At first, the shipyard will be used to repair and restore commercial and private boats of all sizes, but eventually may be used to build new boats.
“If it works like we hope it does, there will be some job creation going on,” Allen said. “It’s probably the best site for this purpose north of Portland.”
Other partners in the project include Steve White, president of Brooklin Boat Yard, Ken Priest, president and CEO of Augusta-based Kenway Corp., and J.B. Turner, also of Kenway Corp., but who will become the managing director of the new shipyard.
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