(Source: Bangor Daily News opinion column by Whit Richardson, January 23, 2014)
BANGOR, Maine — This morning, Jan. 23, a federal bankruptcy judge in Bangor approved the sale of the bankrupt Montreal, Maine and Atlantic Railway to a New York investment firm. That news was followed a few hours later by an announcement from Great Northern Paper that it would shut down its paper mill in East Millinocket, a customer of MMA, for at least 16 weeks because of high production costs and falling market prices for its paper. The two events, seemingly unrelated, are eerily similar to what happened almost exactly 11 years ago.
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