LINCOLN, Maine (NEWS CENTER) — A town in northern Maine is hoping that a giant bird statue will bring in enough tourism dollars to help offset the money lost because of recent mill closures.

A six-foot-tall loon now overlooks Mattanawcook Lake. A town councilor thought the bird was fitting for Lincoln's motto: "Come for the lakes, stay for the lifestyle;" but not everyone agrees.

Although the installment could generate revenue for local businesses, one resident said the $13,000 spent on it could have been used in a wiser way.

“I do believe that they should've put money elsewhere though, instead of just a loon, but I think it'd bring a lot of traffic to Main Street because it was going downhill for a little while," local business owner Chastaise Beardsley said. "I think, overall, it's great that they put something here."

The town has already seen some new faces since the unveiling of the statue Saturday.

The $13,000 statue came from one of the town’s tax increment financing funds, and the town councilor said it has no impact on town property tax rates.

Town leaders hope the loon will become as iconic to Lincoln as the Bunyan statue is to Bangor.