© 2024 Maine Public | Registered 501(c)(3) EIN: 22-3171529
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Scroll down to see all available streams.

Cutler Attacks LePage Over GNP Deal

PORTLAND, Maine - Independent Eliot Cutler is continuing to attack Gov. Paul LePage over a deal that aimed to save Great Northern Paper, saying taxpayers are on the hook for $15.9 million over seven years.

Cutler has been blasting the governor over the handling of the case even before Great Northern filed for Chapter 7 bankruptcy last week. He says the governor negotiated a bad deal with Cate Street Capital, which managed the mills.

LePage did not immediately return a phone call seeking comment on Tuesday.

All told, the company owes more than $50 million. Chapter 7 proceedings typically involve liquidation of a company to repay creditors.