New Rest Areas Planned in Hooksett

WakeboardMom · 10-30-2013, 04:40 PM

Quote:

Originally Posted by LIforrelaxin

Please keep in mind there was venture called Bear Right in Concord. Which is now completely none existent... Restaurant Choices, a gas station, all right off the highway... what happened to that?

Bear Right was not a nice place at all. Fast food was served in an oversize, drafty building. We would sometimes stop there to grab something for our kids when they were elementary-school aged, but wait until we got to our destination for something for the adults. This new facility seems much more welcoming, comfortable and attractive. I don't think one can compare the two business models.

LIforrelaxin · 10-30-2013, 05:16 PM

Quote:

Originally Posted by WakeboardMom

Bear Right was not a nice place at all. Fast food was served in an oversize, drafty building. We would sometimes stop there to grab something for our kids when they were elementary-school aged, but wait until we got to our destination for something for the adults. This new facility seems much more welcoming, comfortable and attractive. I don't think one can compare the two business models.

Yes and no... your right the business models are not the same...

However Bear right this is a good example of when a business model fails, because developers, and business men, think they have the greatest idea.

This Venture, is just that something that business men and developers have come up with. They can make it look all kinds of impressive on paper, but once they have the project up and running, the results are what tell the true story....

I am just afraid in the end this is not going to be all its cracked up to be... Sure the idea of a nice restaurant at rest area is a great idea... but if the service is not fast enough for travelers ( something none of the Common Man restaurants have ever impressed me with ) then it is going to be lack luster....

If the rest area, was in the middle of no where it might have some appeal... but here in the east when most people can get to there destinations in 2 to 3 hours, stopping for a meal and adding an additional 30 min to 1 hour to the trip is not exactly going to be welcome improvement.

I know some people will disagree with that statement, but remember it is my opinion.

jeffk · 10-30-2013, 08:12 PM

Quote:

Originally Posted by LIforrelaxin

However Bear right this is a good example of when a business model fails, because developers, and business men, think they have the greatest idea.

This is true of almost every business venture and despite all the study and analysis that people do to figure out whether a venture will truly be a winner, there is still a lot of guesswork and uncertainty in supporting a venture. The track record of the businessmen involved is good and that may be the biggest thing in favor of the plan. They will also have considerable "skin in the game" so they are going to do what it takes to make it successful.

Just Sold · 10-30-2013, 08:50 PM

It is a very poor comparison to use a 1987 private business venture that was not directly on Interstate 93 and relied on Interstate passers-by leaving the highway and other local patrons for their business. It ultimately failed too. It was also too long ago (26 years) to be used for a comparison. Times have changed and the demographics are not the same today as back in 87.

Today it is the State of NH working with a private company to accomplish a goal of a hospitality venue that is directly on and specifically geared to the Interstate 93 traveler.

This private company has a long, excellent and proven business track record in the hospitality industry that they bring to the table. Their methods work period and I believe that will make it a win-win situation for everyone.

Happy Gourmand · 10-31-2013, 08:06 AM

My thoughts are that this will be a huge success. On any given weekend, the parking lots at the present facilities are jammed with cars full of folks spending money at the liquor stores and the vending machines.
And, even if it's only moderately successful, the onus of fiscal risk is squarely on the developer who holds a lease for 35 years and who will be held liable for honoring it in the form of lease payments to the State. (US).
This very respected and successful developer is risking a lot of cash and committment to this project's success. He certainly seems to be putting more skin in this game than the State. The State is putting $8 million for liquor stores that are outdated and inadequate and will generate a ton of $$$. Oh, and they will have to plow the snow in the winter.
I'm sure the State will have more than that vested in the project, but I think this will be a big win for all.

10-30-2013, 08:50 PM	#4
Just Sold Senior Member Join Date: Apr 2004 Location: Suncook, NH, but at The Lake at Heart Posts: 2,616 Thanks: 1,086 Thanked 434 Times in 210 Posts	It is a very poor comparison to use a 1987 private business venture that was not directly on Interstate 93 and relied on Interstate passers-by leaving the highway and other local patrons for their business. It ultimately failed too. It was also too long ago (26 years) to be used for a comparison. Times have changed and the demographics are not the same today as back in 87. Today it is the State of NH working with a private company to accomplish a goal of a hospitality venue that is directly on and specifically geared to the Interstate 93 traveler. This private company has a long, excellent and proven business track record in the hospitality industry that they bring to the table. Their methods work period and I believe that will make it a win-win situation for everyone. __________________ Just Sold At the lake the stress of daily life just melts away. Pro Re Nata

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10-31-2013, 08:06 AM	#5
Happy Gourmand Senior Member Join Date: Jul 2008 Location: Ruskin FL Posts: 1,027 Thanks: 188 Thanked 322 Times in 179 Posts	My thoughts are that this will be a huge success. On any given weekend, the parking lots at the present facilities are jammed with cars full of folks spending money at the liquor stores and the vending machines. And, even if it's only moderately successful, the onus of fiscal risk is squarely on the developer who holds a lease for 35 years and who will be held liable for honoring it in the form of lease payments to the State. (US). This very respected and successful developer is risking a lot of cash and committment to this project's success. He certainly seems to be putting more skin in this game than the State. The State is putting $8 million for liquor stores that are outdated and inadequate and will generate a ton of $$$. Oh, and they will have to plow the snow in the winter. I'm sure the State will have more than that vested in the project, but I think this will be a big win for all.