A member of the board at the time, said he still believed that people didn’t understand the implications though this complex deal structure was presented to FAME board members, Anthony Armstrong.

“I certainly had not been conscious of that during the time of the vote,” said Armstrong, president and owner of Maine home loan Corp. in Portland. “It’s that sort of complexity that I didn’t feel at ease with. But we shall state this: we don’t think anyone regarding the board understood that is the thing that was likely to be happening.”

Patrick Murphy, president of Pan Atlantic SMS Group and A fame that is former board, additionally stated he didn’t think individuals comprehended whatever they had been voting on. He’s got come to concern the quality of the statute that created the system.

“I think someone has to phone the Legislature to endeavor for maybe maybe maybe not doing their research about this,” Murphy stated. No one weighed in about it.“To my knowledge, there was clearly no appropriate debate”

PLAYING HARDBALL

Despite their issues, Roney and FAME’s staff, “after a lengthy and analysis that is difficult” eventually recommended the board accept the $16 million in income tax credits for the mill’s investors, though it connected particular conditions.
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