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This profile was last updated on 8/3/13  and contains information from public web pages.

Mr. Phineas Sprague Jr.

Wrong Phineas Sprague Jr.?


Portland Company
10 Total References
Web References
The owner of the Portland Co. ..., 3 Aug 2013 [cached]
The owner of the Portland Co. complex, Phineas Sprague Jr., has city approval to build a boat repair yard on West Commercial Street. He would not comment Friday on the sale. A news release is expected Monday.
McDonald said Sprague will continue operating the 128-slip marina on the property and hosting the popular flower and boat shows that are held at the complex each year.
In December, Sprague received city approval to build a boatyard -- to be called Canal Landing -- on about 22 acres at 40 W. Commercial St. -- just west of the Casco Bay Bridge.
Sprague subsequently decided to move his proposed boatyard farther west to free up land next to the International Marine Terminal for a cargo-related development, such as a cold-storage warehouse.
n Phineas Sprague, owner of ..., 21 Sept 2012 [cached]
n Phineas Sprague, owner of The Portland Company site, said no barriers are needed in his case.
"Clearly, the buildings are historic. We understand that, and that's why we've been taking care of them," Sprague said, so for him, a lack of legal restrictions doesn't mean that anything goes.
Portland's master plan for the eastern end of the waterfront calls for historic buildings to be preserved, although Greater Portland Landmarks said there are few legal restrictions.
Still, tearing down the historic buildings "is unacceptable," Sprague said.
The buildings that form the Portland ..., 7 Mar 2013 [cached]
The buildings that form the Portland Co. complex opened in 1846 as a locomotive foundry, said their owner, Phineas Sprague. More than 620 locomotives were built there to serve the Portland-to-Montreal rail line.
The property is for sale, but Sprague said he hasn't received any serious offers, so the Portland Flower Show is in no danger of leaving anytime soon.
Sprague said visitors to the flower show seem to enjoy walking through the enormous brick halls.
"I've tried to keep the buildings pretty much the same because they are treasures," he said.
Developers Warn City on Waterfront Limits ; Major Redevelopment Plans Are Said to Be Blocked By New Height Restrictions, but City Officials Are Unswayed., 20 Dec 2004 [cached]
Phineas Sprague Jr., owner of The Portland Co., a 10-acre complex also on Fore Street, is unwilling to give up an 1850 railroad easement his company holds on the city-owned lot that Riverwalk wants to develop. Sprague has been negotiating with city officials to drop the easement in exchange for the right to expand his marina onto city-owned waterfront near the $14 million cruise-ship terminal.Sprague says he will have no financial incentive to expand the marina if Marino and Farley don't redevelop their property.
"We have to start from scratch," Sprague said.
Phineas ..., 4 June 2011 [cached]
Phineas Sprague
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 remained.
To clear the legal route for some of the development plans, the city had to get rid of the easements. Sprague said he offered to trade the easements for the right to expand his marina, but the city refused.
Sprague said he's 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 said.
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