Quote:
Originally Posted by John Mercier
The commission has been pretty transparent. I think we would be better served with a few basic questions on the proposal before us... but I don't think that was the point.
Obviously being offered $5 million for the lease of land, along with a percentage of profits from the operation of the hotel - maybe the restaurant? - is interesting.
I can presume the $5 million is a one time payment, and the commission would like to use that in advancing the capital investment in Gunstock; but what about the profit sharing?
Would the profit sharing go toward the county budget? What is the profit sharing details? How due we prevent the hotel/restaurant operators from cooking the books? Just lots of questions for the taxpayer of Belknap County.
But I think to get more revenue... and maybe pay more to the county... Gunstock would need to add something to the venue.
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I would expect many of these questions to be answered by following the precedent set by the State of NH leasing Sunapee to a private firm ~20 years ago. Lots of experience there, mostly successful, with a similar proposal for a land swap and condo expansion, as well as incorporating Mittersill into the Cannon area.