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COPYRIGHT 2005 Bangor Daily News
Byline: Deborah Turcotte
Jan. 15--BANGOR, Maine -- A national aviation industry analyst is questioning a plan by a Florida company to partner with the Passamaquoddy Tribe to build a $20 million aerospace maintenance and manufacturing company on tribal land in Washington County.
On Thursday, Passamaquoddy Gov. Melvin Francis and John Shaffer, chief executive officer of Aviation and Aerospace Management Inc. of Orlando, Fla., rolled out the plan at a press conference. They said the 200,000-square-foot facility could be running by summer and eventually could employ up to 2,000 people earning between $18 and $24 per hour.
Before that happens, the tribe will have to come up with its share of the costs to create a business plan -- $213,000 of the $413,000 that Shaffer said is needed to cover the time and expense of writing a plan.
Shaffer said he is paying the other $200,000, but both the tribe and he will be paid back by an investor that has not yet been secured....
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