He was also a well-respected businessman known for his innovative deal making and entrepreneurial vision. Cacoulidis and his wife purchased Hope Island in and transformed it into a private island paradise with love and devotion where he and his wife cared for a wide array of animals many of which were rescued.
Edward D. Murphy, Portland Press Herald, Maine. Nature provided nine ponds, rocky and sandy beaches and some wild deer on the island. Story continues. Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting. Latest Stories. Yahoo Finance. Motley Fool. PR Newswire. Business Wire. Detroit Free Press. But on Sunday evening, his son, George Cacoulidis, revealed in a telephone interview that he has decided to take Hope Island off the market and keep it under family ownership for the foreseeable future.
The couple lived on the island for several years. There is more than 11, feet of shoreline, a mix of rocky and sandy beaches. George Cacoulidis, who lives in Montclair, New Jersey, said he visits the island at least a couple of times a month and will continue to spend time there. He said the towers would house 2, hotel rooms and he suggested that they be connected to Portland, across the harbor, via a cable car. But the plans failed to gain traction and the family sold the acre parcel in late , about four months after Cacoulidis died.
Cacoulidis also tried to secede from Chebeague in , upset over paying tens of thousands of dollars in local property taxes while getting few, if any, services from the town. Attempts to reach Mylett were unsuccessful, but Cacoulidis said he indicated that he plans to keep the property for family, not commercial, use.
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