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Developer Looks to Build Convention Center Complex on 22-Acre Site

SOUTH PORTLAND, ME-John Cacoulidis, a New York-based developer, sees a convention center on a 22-acre site he owns here. The plan--which would involve buildings rising to 640 feet--includes a hotel, an ocean liner dock and cable cars.

By Naomi Grossman | Updated on December 13, 2001

SOUTH PORTLAND, ME-In what appears to be a stretch even for a Greek immigrant from New York who became a millionaire developer, John Cacoulidis, of Grand Metro Builders would like to develop a convention center and hotel complex on the 22 acres he owns in this quiet town.

According to representatives from the town, Cacoulidis has not yet submitted any formal plans to the city, but he has met once with some town officials here. Cacoulidis also plans on talking to residents this evening at a public information meeting about his vision for the site.

Tex Haeuser, planning director for the town, tells GlobeSt.com that Cacoulidis’ plan involves a convention center, a hotel, an ocean liner dock and a cable car system that would connect this city to Portland proper. Cacoulidis is looking to build up to 640 feet on a site that currently allows a maximum height of 86 feet. The area is also currently zoned for office and light industrial, says Haeuser, necessitating a zoning change for the project to go ahead.

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