June 2018 MAINE COASTAL NEWS Page 15. Boat And Ship Yard News
Front Street Shipyard Expands Waterfront Facility in Belfast
BELFAST - Front Street Shipyard in Bel- fast, Maine, has fi nalized the fi nancing to begin construction of a new facility adjacent to its existing yard on the Belfast waterfront. With the combined support of the City of Belfast, regional banks, and state and fed- eral organizations, Front Street Shipyard completed the purchase of a city-owned parking lot and secured a loan to construct a 22,500-square foot building on the property. The new facility will accommodate large yacht refi ts and commercial vessel construc- tion projects while adding approximately 40 more full-time jobs at Front Street Shipyard. Known as Building 6, the new facility
at Front Street Shipyard will go under con- struction immediately now that fi nancing is secure. The City of Belfast is fi nancing Front Street Shipyard's purchase of the property for Building 6. Androscoggin Bank is fi nancing the construction of Building 6. Upon com- pletion of construction, Androscoggin Bank and the Small Business Administration (SBA) will share the long-term mortgage, which is backed by Finance Authority of Maine (FAME). Maine Technology Institute (MTI) is providing a development loan that will fund Front Street Shipyard's purchase of overhead cranes for Building 6. "This expansion is only possible
through the unwavering support of many institutions, organizations, regional offi cials
and our local community," said JB Turner, president of Front Street Shipyard. "Their confi dence in our ability to continue grow- ing business, adding jobs, and enriching tourism to the region is humbling. The entire team at Front Street Shipyard is committed to fi lling our new facility with multifaceted projects and expert craftspeople to take on those projects." Building 6 will streamline work on
large vessels at Front Street Shipyard. The new facility will be tall enough to allow the large 485-ton mobile hoist to drive boats inside, maximizing space and reducing the need for additional support equipment. Front Street Shipyard's hoist is the largest in northern New England, making the yard an attractive option to yacht and ship captains in need of repairs or maintenance. Building 6 will be ready this fall.
Maine Coast Construction of Camden is building the new facility, which is a Varco Pruden metal building like other sheds in the shipyard. Gartley & Dorsky of Camden are engineering the building. John Hansen of South Thomaston is Building 6's architect. The existing marina and workspaces at
Front Street Shipyard will operate uninter- rupted during the construction of the new facility. More information about Front Street Shipyard is available online at frontstreet-
shipyard.com.
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