The sale will benefit members and represents the best opportunity to resume waste processing at the facility. On April 21, 2021, the MRC Board voted unanimously to approve the transaction to move the sale process forward.
An overview of the sale transaction and its key provisions is available on MRC’s homepage at www.mrcmaine.org. Among other considerations, the MRC will receive in excess of $3.8 million at closing to cover repayment of the $1.5 million we loaned to Coastal Resources of Maine and to reimburse costs MRC incurred during this interim period. The schedule anticipates the sale being final in June 2021, and for DTE-HM to begin processing at least some level of waste before year end.