Resolve, Directing The Maine State Housing Authority To Negotiate For The Purchase Of Or Acquire By Eminent Domain The Land And Buildings Commonly Known As The Bangor Mall

LD 901 requires the Maine State Housing Authority to negotiate purchasing the Bangor Mall property in Bangor within 12 months. If purchase negotiations fail, the Authority may use eminent domain to acquire the property. Within six months of acquisition, the Authority must report on conversion costs and propose legislation creating the Bangor Mall Housing Authority, which would develop affordable housing units (1-3 bedrooms) for residents earning 2-4 times the federal poverty level. The bill appropriates $25 million for the purchase and infrastructure improvements. This directly affects the mall's current owners and aims to transform the property into affordable housing.