Casco View Holdings III, a wholly-owned subsidiary of the workers' compensation insurer, registered a deed for the bar and restaurant at
The company, which has its headquarters nearby on the corner of Commercial and Cross streets, does not have immediate plans for the property at
'Old Portland' losing another fixture as owner says it's closing time for
"In as much as we own the balance of that block, it seemed to be a smart decision to secure it for anything we choose to do in the future," he said.
City assessors records show the sale price was
MEMIC, through its subsidiary, began buying property on the block in 2013, when it purchased parking lots there for
The company set up
"I would say it was a mutual awareness, a tango so to speak," he said.
The property is in the middle of
Steele is sure MEMIC has a long-term plan for the property, but for the moment he expects it will lease the Brian Ború building.
"I would love to see it reopen as a pub so I could visit again," he said.
* 'Old Portland' losing another fixture as owner says it's closing time for
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