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Board approves $427,500 working‑waterfront allocation for Stonington Lobster Co‑op
5548360 · August 6, 2025
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Summary
The board confirmed a $427,500 allocation from working waterfront funds to support a fee/covenant acquisition for Stonington Lobster Co‑op; the appraisal oversight committee recommended use of a 25% covenant rule and staff reported no public comments during the notice period.
The Land for Maine's Future Board voted to confirm a $427,500 working‑waterfront allocation to support acquisition-related infrastructure for the Stonington Lobster Co‑op.
Staff presented the project as the co‑op's second application to LMF; the appraisal oversight…
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