A $100 Million Bet That Vacationland Can Be a Tech Hub, Too - News Summed Up

A $100 Million Bet That Vacationland Can Be a Tech Hub, Too


PORTLAND, Maine — There is nothing obviously wrong with Maine’s biggest city. Zillow rates the real estate market “very hot.” David Geffen’s yacht docks at port from time to time. And there is a sense that in an era of technology-driven economic winners, Portland’s 66,000 residents are being left behind. “It looks like we’re doing fine,” said Jon Jennings, Portland’s city manager. “But just underneath the real estate development, there is that insecurity as to what will actually drive the economy in the future.” Lobstering and tourism will not suffice.


Source: New York Times January 27, 2020 07:52 UTC



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