Orono Economic Development Corporation

The organization listed and sold its only commercial property at 3 godfrey drive in Orono in 2015. The sale price allowed the organization to reimbursement the town of Orono for the outstanding balance on their building bond, and to invest in a reserve for future projects. In 2016, the organization hired wbrc architects and engineers to recommend a final "build-out" plan for the Maine technology park. In 2018, the organization purchased the taylor bait property at 153 taylor road with the intent to renovate the building and property as a public, four-season outdoor center. The renovation was completed in late 2022. Finally, the organization is currently involved in a feasibility study of vernal pool special area management (samp) for Orono, as well as supporting redevelopment efforts related to an arts and cultural facility in downtown.