Recently I wrote a Letter To The Editor, which was published in the Kennebec Journal. As one of the largest commercial property owners in the Augusta area, I wanted to explain that, in my opinion, the recent decision by the Augusta City Council to choose Summit Natural Gas was a pretty significant economic development decision to which all Augusta residents should close pay attention. My reasoning for writing the letter was simple. Cheaper energy costs greatly enhance the economic prospects for the Kennebec Valley.
I'll give you a concrete example. I recently signed a deal with Summit, to have all DCA properties in the area use natural gas. Now, without question, our projects offer the most affordable commercial space in the area --- by far. That's because our energy costs will be much lower. As DCA continues to build out the Central Maine Commerce Center, and as we begin the redevelopment of the old MaineGeneral building on East Chestnut Street, I can offer large tenants who need lots of space very, VERY attractive terms. My competitors simply can't match the price per foot I can offer on redeveloped, Class A space.
This never would have happened had we stayed hooked on oil, and my competitors will probably catch on some day. So a word to the wise --- I urge all residents and my fellow business owners to look into making the switch to natural gas. It pays. And that's good for the Kennebec Valley.