Former Katahdin region mills investor declares bankruptcy in New Hampshire

The private firm that leveraged $16 million in public money for its failed restart of East Millinocket`s Great Northern Paper Co. mill has filed for bankruptcy. https://t.co/QzDcLdtgQi

— Bangor Daily News (@bangordailynews) May 15, 2020

An investigation by the Maine Sunday Telegram into Cate Street’s deal also prompted state and federal regulators to close loopholes in incentive programs that Cate Street used to deliver roughly $16 million in Maine tax dollars to out-of-state financiers, for investments that didn’t improve any part of the East Millinocket mill.