BANGOR DAILY NEWS • September 2, 2022
A company that was expected to play a lead role in reviving a Hampden trash plant that’s been closed for more than two years has pulled out of the operation, forcing the facility’s new owners to develop a new reopening plan. That company, CS Solutions, withdrew as the facility’s operator following Bangor Daily News coverage that highlighted its roots in a New Hampshire-based investment company that came to Maine more than a decade ago, pledging to reopen the Katahdin region’s two paper mills and start a facility making wood pellets that could serve as a coal substitute. That company, Cate Street Capital, left behind operations that either failed or never materialized, along with unpaid bills to vendors and the federal government, and two bankruptcies. In the process, Cate Street benefited from more than $140 million in state and federal tax breaks and lending.