The Bangor Business and Economic Development Committee took significant steps towards revitalizing a property at 21 Eaton Place during their meeting on September 3, 2025. The committee approved a request to modify an existing agreement that will allow the property owners to secure a loan necessary for rehabilitation efforts.

Originally sold in 2021 with a commitment to invest at least $70,000 in renovations, the project faced delays due to various challenges, including rising material costs and personal hardships faced by the owners. David Gillen, one of the property owners, shared that while some minor work has been completed, financial constraints have hindered further progress. With the loan now approved, the modification of the deed restrictions is the final hurdle to move forward with the project.

The committee's recommendation to subordinate the deed restrictions is expected to facilitate the necessary funding, enabling the owners to complete the rehabilitation work. This decision not only supports the individual property owners but also contributes to the broader goal of enhancing the community's housing stock.

In addition to this key decision, the committee welcomed Linda Terrell as the new director of code enforcement, highlighting her proactive approach and commitment to improving building inspections in the city.

The meeting also included discussions on the reassignment of leases for other properties, indicating ongoing efforts to manage and develop real estate effectively within Bangor. As these initiatives progress, they promise to bolster economic development and improve living conditions in the area.