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Local developer has ties to sale of beloved Maine building

December 31, 2018

PORTLAND, Maine (AP) — Public documents say a well-known building in Maine’s largest city that is famous for its clock has been sold to a developer with local ties.

The Portland Press Herald reports documents say the buyer of the Time & Temperature Building in Portland is TT Maine Venture LLC of Delaware. Department of Environmental Protection records say Chris Rhoades of Falmouth, Maine, is a partner in the venture.

Rhoades has declined to comment on the sale. The building opened in 1924 and was sold at auction in October for $9.3 million.

The Time & Temperature Building is beloved for its digital rooftop clock, which doubles as a message board. Over the years it has announced everything from big New England Patriots wins to citywide parking bans.

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Information from: Portland Press Herald, http://www.pressherald.com

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