Portland Fish Exchange seeks a bailout – If it closes, it could be the death knell for the groundfish industry in the state
The Portland Fish Exchange, the city-operated fish auction, is losing about $30,000 a month and is asking another city agency to help bail it out through the middle of next year. The daily auction, where fishermen sell their catch to buyers from seafood wholesalers and processors, has cut losses somewhat over the past few years and has made slight adjustments to cut expenses, said Tom Valleau, chairman of the Fish Exchange board. But fish landings plummeted this summer, mostly likely the because of disruptions caused by the pandemic, and the losses accelerated, Valleau said. >click to read< 10:59
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