Phineas Sprague, owner of the Portland Company, said the easements were needed because the company made steel for the rail line connecting Portland to Montreal and it had to load its products onto trains.
The railroad turned the land over to the city more than 20 years ago, but the easements to the Portland Company
To clear the legal route for some of the development plans, the city had to get rid of the easements.
offered to trade the easements for the right to expand his
marina, but the city refused.
not celebrating the ruling.
"I am in tears," he
said, noting that several of his
friends were involved in the condo projects that fell victim to the recession as the fight over the easements dragged on.
"This is not a sweet moment."
If the city had made a more reasonable offer at the outset, he
said, those projects would likely have been built and occupied by now.
"I don't think we should be looking across a dirt parking lot," he