LCN 12-30-09 - lincolncountynews

A small crowd came to the Dec. 28 auction for the Edgecomb Development property. Hearing no bids at the late morning auction, attorney Jacob Manheimer of Pierce Atwood sold the property to the Savings Bank of Maine for $7.5 million. According to Manheimer, Roger Bintliff and his company, Edgecomb Development, LLC borrowed $16 million. Priority Group, LLC, the court-appointed receiver for the bank will manage the property and sell it off in its entirety or in individual parcels. (J Maguire photo)