Lakeport Landing business

Woodsy · 11-25-2014, 02:26 PM

Happy...

The State of NH has been leasing the waterfront (mostly on property that the railroad originally owned) to property owners for decades... It used to be be for pretty short $$. During the last building boom, developers were taking advantage. As a result, the State looked at getting more $$$ for those leases.

For example... Southdown is a property with LOTS of leased waterfront. They could be very negatively affected if the State decided not to renew their lease.

Woodsy

BroadHopper · 11-25-2014, 02:55 PM

http://laconiadailysun.com/index.php...orefront-lease

After reading this article, the state was leasing the land, however the state is reviewing all properties as there are those who have not been paying a lease. As the last paragraph states, its all about revenue.

gwhite13 · 11-25-2014, 06:16 PM

Is anyone sure taxes were paid by LL. If I lease property from someone, they generally are responsible for taxes. Since a municipal entity does not incur taxes, moot dollars abound.

brk-lnt · 11-25-2014, 06:32 PM

Quote:

Originally Posted by gwhite13

Is anyone sure taxes were paid by LL. If I lease property from someone, they generally are responsible for taxes. Since a municipal entity does not incur taxes, moot dollars abound.

No idea, but it wouldn't be at all surprising if they didn't pay *property* taxes. They would have likely paid other taxes to the city though.

Resident 2B · 11-25-2014, 06:50 PM

Quote:

Originally Posted by brk-lnt

No idea, but it wouldn't be at all surprising if they didn't pay *property* taxes. They would have likely paid other taxes to the city though.

What other taxes are there? No sales or income taxes in NH.

R2B

brk-lnt · 11-25-2014, 07:14 PM

Quote:

Originally Posted by Resident 2B

What other taxes are there? No sales or income taxes in NH.

R2B

You're right, I was thinking of the state taxes that businesses pay. Not sure what other taxes, if any, would have gone to the city of Laconia.

tis · 11-25-2014, 07:20 PM

State business profits and enterprise taxes. But those are not Laconia taxes of course.

VitaBene · 11-25-2014, 10:32 PM

"The way most laws governing the disposal of public property are written, I think the city has a fiduciary and legal duty to the citizens of Laconia to sell the property for fair market value."

Woodsy, I can't say it better than that

11-25-2014, 02:26 PM	#1
Woodsy Senior Member Join Date: May 2004 Location: Weirs Beach Posts: 1,968 Thanks: 80 Thanked 980 Times in 440 Posts	Happy... The State of NH has been leasing the waterfront (mostly on property that the railroad originally owned) to property owners for decades... It used to be be for pretty short $$. During the last building boom, developers were taking advantage. As a result, the State looked at getting more $$$ for those leases. For example... Southdown is a property with LOTS of leased waterfront. They could be very negatively affected if the State decided not to renew their lease. Woodsy __________________ The only way to eliminate ignorant behavior is through education. You can't fix stupid.

11-25-2014, 02:55 PM	#2
BroadHopper Senior Member Join Date: Oct 2004 Location: Laconia NH Posts: 5,608 Thanks: 3,241 Thanked 1,113 Times in 799 Posts	You are correct Woodsy http://laconiadailysun.com/index.php...orefront-lease After reading this article, the state was leasing the land, however the state is reviewing all properties as there are those who have not been paying a lease. As the last paragraph states, its all about revenue. __________________ Someday may never be an actual day.

11-25-2014, 06:16 PM	#3
gwhite13 Senior Member Join Date: Aug 2013 Location: Hanover and Moultonborough Posts: 90 Thanks: 7 Thanked 12 Times in 11 Posts	lakeport landing Is anyone sure taxes were paid by LL. If I lease property from someone, they generally are responsible for taxes. Since a municipal entity does not incur taxes, moot dollars abound.

The Following User Says Thank You to brk-lnt For This Useful Post:
Resident 2B (11-25-2014)

11-25-2014, 07:20 PM	#7
tis Senior Member Join Date: Jan 2006 Posts: 6,821 Thanks: 759 Thanked 1,472 Times in 1,027 Posts	State business profits and enterprise taxes. But those are not Laconia taxes of course.

11-25-2014, 10:32 PM	#8
VitaBene Senior Member Join Date: Jul 2007 Location: Moultonborough Posts: 3,605 Thanks: 1,654 Thanked 1,645 Times in 848 Posts	"The way most laws governing the disposal of public property are written, I think the city has a fiduciary and legal duty to the citizens of Laconia to sell the property for fair market value." Woodsy, I can't say it better than that