historic tax credits

North Country
11:03 am
Wed July 25, 2012

Balsams Renovation Delay Amid Financing Glitch

Early in May almost all of the furnishings of the Balsams were sold at auction.
Chris Jensen NHPR

The new owners of the Balsams are still looking for financing and the renovation of the resort is months behind.

NHPR’s Chris Jensen reports.

Earlier this year the Balsams owners were seeking historic tax credits as one of several ways to attract investors.

The credits are available for the renovation of certified historic properties – like the Balsams.

But owners Dan Dagesse and Dan Hebert are dropping that idea, says Balsams’ spokesman Scott Tranchemontagne.

The reason is a plan to tear down  some parts of the Balsams complex.

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