Laconia State School

[Biggd]

Originally Posted by codeman671

“On a 3-2 vote, the Executive Council on Wednesday approved the $21.5 million sale of the former Laconia State School property to private developers despite financial questions about some of the project’s key members. The development will include 340 single-family, duplex or triplex homes, half of which will be priced as “entry-level,” 108 condominiums, 500 apartments — 120 designated as “workforce housing” — and 350 townhouses. The site also will have 360 units of independent living units for seniors, along with 230 assisted-care units, which McCoy will spearhead, according to a spokesman for the developers. Along with housing, the project includes a 1,000-seat convention center and a 250-room hotel, as well as urgent care, child care and pharmacy facilities on site. Half of the property will remain undeveloped and taxed under the state’s current-use law, which values property in its natural state rather than at its potential developable value, officials said.”

I haven't seen this much development in the Lakes Region since the 80's and we know what happened then!

[LongBay]

They will be lucky if half those number of units go in. Same old...ask for 1,000 so you will at least get 500. Everyone thinks they won.

[John Mercier]

It would be a loss to the developer, not the State, if the density is lower than proposed.

More than likely... they will seek higher density with more units to maximize profits.