Governor to sign Balsams financing bill

Wednesday signing ceremony will allow $28m state-backed bond for $143m redevelopment project

May 20, 2015

Jeff Feingold,

Gov. Maggie Hassan will sign into law today the closely watched awaited bill that will pave the way for the redevelopment of The Balsams resort in Dixville.

The signing ceremony for Senate Bill 30 is scheduled for 4:15 p.m. at the State House in Concord.

SB 30 will allow creation of special taxing districts in unincorporated places – like the one around The Balsams – which will allow the state to back $28 million in bonds toward redeveloping The Balsams, which was shuttered in 2011.

The bill also raises from $25 million to $30 million the bond limit for an individual project and at the same time increases the NH Business Finance Authority’s total borrowing cap limit from $95 million to $115 million.

The bond is key to Maine developer and entrepreneur Les Otten’s $143 million redevelopment project, which has been eagerly backed by North Country lawmakers and businesses, since it could mean the creation of 500 jobs by 2016 and 1,700 by 2024.

Categories: Real Estate & Construction

More news from NHBR:

NH seafood is worth the investment

When most people think about New Hampshire’s seafood industry, they picture the quintessential fishing village with commercial boats landing lobster or cod.

NHBR About Town: Week of September 11, 2026

Business and event happenings around the state of NH

The Latest: Week of September 11, 2026

The Latest is a roundup of the comings and goings of the movers and shakers in NH's business community

The drive no one should have to make — and the effort underway to end it

If you live in Manchester or Concord, you probably don’t think twice about finding a doctor. There is a specialist within a few miles for almost anything you need. But if you live in Colebrook, or Lancaster, or any one of dozens of small communities spread across New Hampshire’s North Country, the picture looks very different, and the gap between those two realities is wider than most people realize.

Laser eye surgery and cataract surgery return to Berlin after years without local access

Androscoggin Valley Hospital (AVH), a member of North Country Healthcare in Berlin, performed its first cataract surgery in recent memory on August 20, 2026, a milestone made possible through the hospital’s partnership with North Country Ophthalmology, a physician-led alliance of board-certified MD ophthalmologists that began seeing patients at AVH in January.

Jaffrey couple cut energy costs with NHSaves

Evan Clements and Precia Harthcock of Jaffrey love their 1926 home, but they acknowledge the drawbacks of houses built in that era. The room that is now their sitting room, for example, was once a porch that had been enclosed and is noticeably colder than other parts of the house. The second floor was much hotter than the first floor, and their kitchen was drafty.

Consider ESOP planning as part of your wealth management

After years of building a business, it is common for owners to seek an exit strategy that preserves the culture and rewards the employees who helped make the business successful. An employee stock ownership plan, or ESOP, is one way to accomplish that goal.