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Each municipality must now have some format of access.
Laconia has limited properties that could be considered ''reasonable and realistic'', and has been one of the most vocal municipalities in the Lakes Region on ''workforce housing''. Since the Mutual Aid doesn't want to move... rezoning for that use would suffice for a while for Laconia. Since Belmont has a lot of areas that could be, and are, available to manufactured housing or expansion... really not a lot that we have to do. |
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Perhaps I misread the info on products. I understand some Toast products also do "instant inventory control" among other things. Managing finances in a restaurant/hospitality business seems to be a common weakness. Too many think you have to be a good cook, not a good manger, which is why so many restaurants fail. Of course, being under capitalized is an issue too.
In any event, there is some skilled management and some money in the mix here. |
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This doesn't in what I have read equate to a restaurant or hotel.
It has an odd feeling like trying to turn an estate into an STR. Even the glamping operation in the Weirs seems to be discussing something about wedding events. |
After reading the article in the Sun about the new owners and their plans, I come away with some skepticism. She was a nurse and now that she and her husband have struck it rich, she is now a self proclaimed "developer" looking for a project. She talks about the charm of the Lakes Region and NH. That charm is related to family owned and operated businesses dotting the state. There is no charm in a Walmart or Target. The article didn't say that they are planning to both operate the site and/or live there. It has the feel that they want to build it as a money making scheme and possibly sell it after it is done. Just another out of stater throwing their money around. Maybe it will go the way of Surfcoaster.
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I don't think sell it.
It seems more like they want a compound that they can lease out. Its like purchasing a yacht or a jet and then commercializing it as part of a rental fleet. STR are the same concept. People purchase a vacation home and then rent it out to pay for the property and ongoing costs with the intent to get their week or two free. It is a different concept than the historical vacation cottage/camp that is shutdown and ''winterized'' while the owners are away. |
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you are correct
I saw that this development is going to be $50-$60M. Lets make the math easy and say its $52M. Any decent private wealth manager should get an annual return of 10% for his/her client (and maybe more). So the opportunity cost for this 'project' is $5.2M a year in investment earnings... Who really believes this 'wedding venue" is able to bill out $100,000 per week minimum every single week of the year? It doesn't add up...
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Because it is a private compound that they want to rent out when they are not using it. The focus in not the return on investment from a dollar value.
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Lots of people rich enough to buy private jets, but they still put them in the rental fleet. It has tax advantages and lowers the capital opportunity costs. Example: The capital opportunity cost could be as much as $5.2 million per year. So building and only living there part time... that is $5.2 million gone, property tax and upkeep gone, and due to income tax policy... they probably could not deduct the full amounts for that either... so more loss. Leasing it: some recovery of the $5.2 million, and full deductibility of the property taxes and upkeep as a commercial operation. The dollar amounts are different, but the concept not. Does it really matter that someone not born here decides to move or build here and spend $100,000 or $100,000,000? Not to us born here. |
wedding prices
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That being said, I hope the ZBA denies the variance. Wasn't it Alton that wouldn't let Bob Bahre (sp?) show off his car collection as a commercial operation in a residential zone? |
they have to clear $100K...
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Quote frankly, this entire application seems to highlight the applicants limited development experience. Clearly, the personal wealth is there to make it happen, but it’s not going to be much fun getting there, if they get there at all. |
Don't it always seem to go
That you don't know what you've got till it's gone, They paved paradise, and put up a Wedding venue / corporate retreat. |
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Forget the property watch the stock
I followed the post and looked up the TOST stock , I found it in use in a few local restaurants, all love this software! Took a small position, sorry I didn’t go in heavier . Please take a look at their recent results.
If nothing else they have a great business going |
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Did anyone see this sign fly by Alton on Saturday?
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Look at the abutting properties. Let’s say this is approved, built as asked or with few changes…and abutters looking for a pay day approach and/or accept a large sum for their properties. Everybody has a price. From the original development moving down the mountain and over into Gilford and you may see Ames Farm sold. Riley Road surely being eyed as access road… guessing but that’s what I would consider. I have heard that a few abutters have discussed selling and/or their business guaranteed work during construction if they are pro-project on social media and every day. But that’s politics and “progress”, right? |
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Was this the response to the aerial banner?
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The angst over what ''might'' happen should be less... for something is going to happen. It may not be the current proposal, but it will be some format of development. |
Plane
Yes we have the same picture!! Not sure who paid for this but good for them and a big THANK YOU. Is there a site to contribute to this? Cost shouldn't be borne by one person.
This project will be right above us. I foresee nothing but traffic issues - single lane roads, problems at intersection of 11 and CV Rd and more. Never mind the potential sound and echoing issues Nip this in the bud at the June 6 meeting |
I'm not familiar with the geography here, but you might consider asking Lake Winnipesaukee Association their thoughts on this, or maybe to do an analysis of potential environmental impact to the lake
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It isn't on the lake.
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https://winnipesaukeegateway.org/the.../introduction/ |
There are many more properties closer to the lake than this one, that when they were being developed had a cumulative impact much large than this one would be.
We have problems getting the support of people - even those opposed to this project - when it is directly on the lake; and directly affects public property even without restricting private property The question on this property's development is more about the zoning rather than the environmental impact. It will be developed... probably just not with a Special Exception for a Commercial Event Facility. The Legislature passed some housing bills this year... but next session will see a whole slue of bills that went to study being remitted for another go around. So she will build something up there. What? I have no real idea. I guess as the laws change her plans may change. It could make a decent farm... which is a business with special tax advantages... and not have to go through all this. |
Please try to attend the Alton Zoning Board meeting on Thursday night June 6 at 6:00pm at the Alton Town Hall. This project will have a major impact on Lake Winnipesaukee and surrounding communities, so it’s important to have a strong presence at this meeting.
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Well THAT got screwed up!
Last night's ZBA meeting went nowhere for the applicants...other than the meeting being moved to the high school auditorium because there were too many people in the hearing room at town hall.
The first of their four applications were rejected by the ZBA as incomplete and the applicants withdrew the other three as they were incomplete, too. I expect they will refile their applications for the Special Exception and the three Variances they were requesting. When I spoke with their counsel he stated that they were going to make changes to their initial plans that might eliminate one or two of their ZBA applications, but that's all he was willing to say about the matter. |
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The real power for dealing with the project is with the Planning Board. The ZBA is not required to allow public input as all they're interested in is processing the Special Exception and Variances for the project according to the zoning ordinances and/or state laws. However, the Planning Board is required to allow public input. Both proponents and opponents can address the Planning Board after the applicants make their presentation and PB members ask their questions. Then the Board will open the hearing to the public so they can express their opinions and concerns, and asking questions of both the Board and the applicants if they so desire. Once the public has had their say the PB will close the public hearing and move on to other applicants. Once all of them have been heard, the PB will discuss and vote on each application in turn. The Board can approve the application as is, approve it but with conditions that must be met before the Chairman signs off, rejected with suggested changes to be made before reapplication, or outright rejection. |
Article in today's Sun:
https://www.laconiadailysun.com/news...12cf1832e.html The Planning Board has no authority to move ahead on the commercial function facility portion of the application unless and until the ZBA approves a special exception allowing such in the rural zone. The applicants must now start over with a new application to the ZBA. We live on Cherry Valley Road and have submitted written comments to both the ZBA and PB. If necessary we will resubmit our comments. Written comments are part of the official record for both boards. They will be back. So the opposition needs to be back as well. Alan |
let me play you a sad song on my tiny violin...
A quote from the developer in the article: "We had planned to present our improved vision of creating a beautiful, serene place of celebration that would preserve more than 55% of the wooded land and be respectful of neighbors’ concerns. It was disappointing to be denied that opportunity"
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Although the Zoning board may not be required to allow public input (I'm not a lawyer, so I don't know if this is true or not), a cursory review of recent Alton Zoning Board Minutes shows that the Zoning Board typically opens the meetings to public input. Anyone can review minutes from prior ZBA meetings here: https://www.alton.nh.gov/node/74 I've also attached the minutes from the December 2023 meeting showing the ZBA opening the meeting to public input on an unrelated case. The opposition was fully prepared to speak at Thursday's meeting, and I have no doubt that the ZBA would have allowed public input. We will be ready to speak in opposition to the Special Exception for a Commercial Function Facility in a RURAL Zone when they come back. |
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There is a fairly big legal hurdle to obtain a variance. Essentially (and overly simplistically) there must be a hardship inherent in the land for the ZBA to grant a variance. (Amongst other criteria) This is a tough burden to overcome, because the applicant needs to show a reason why the land can’t reasonably be used under the criteria as currently zoned. If the ZBA did grant a variance, an appeal of the variance through the court system often stands a good chance of getting overturned. A special exception has a lower legal burden, because the zoning ordinance specifically allows the use, provided the applicant can demonstrate that the use is appropriate for the specific parcel of land. Also, both the ZBA and the Planning Board are legally obligated to take testimony from any abutter, and any member of the public that can demonstrate a direct impact attributable to the proposed development. Nearly every community in NH takes a very liberal view of this provision, and they generally allow testimony from any member of the public. If they didn’t take that testimony, they would have no way of determining whether or not a party is directly impacted. Lastly, the Planning Board is probably the least likely approval that can be successfully appealed. If the ZBA grants approval, and there is no appeal to that approval, the variance runs with the land, and gives the applicant the right to build the use contemplated under the variance, subject to good engineering practice, suitable aesthetics, and a host of other criteria that the Planning Board can oversee. However, the Planning Board will have no right to deny the use itself, if the ZBA grants the variances/exceptions, and there is no successful appeal. If the parties aggrieved by this development want to stop the development, they would be well served to hire a top notch land use attorney NOW, so that the attorney can review the application, and provide sound testimony during the ZBA proceedings, that will support a future appeal. Trust me, the applicant is represented by legal counsel, and they know full well that if they can get to the Planning Board without a ZBA appeal, they are likely to prevail in the long run. The last thing those in opposition want to do is wait until the Planning Board proceedings. |
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