Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Make a sustaining gift today to support local journalism!
0000017a-15d9-d736-a57f-17ff8d530000

Gov. Hassan Signs Off On Balsams Redevelopment Bill

Paige Sutherland for NHPR
Gov. Maggie Hassan signs off on a bill that will move forward the redevelopment of the Balsam's Resort.

Governor Maggie Hassan has signed into law a bill that allows the state to back $28 million in bonds to help pay for the redevelopment of the Balsams.

The resort closed in 2011.  And Hassan says re-opening it is worth the state’s investment.

“It is so important that we find a way to redevelop the Balsams it has been such an anchor for the economy up there, and that of course has a ripple effect for the whole state."

The state-backed bond will help Maine businessman Les Otten fund the $143 million he estimates is needed to reopen the Dixville Notch resort.

The bill also raises the bond limit for a single project from $25 million to $30 million.

Related Content

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.