Not sure about this, but is that red brick building the former Red Hill Inn which was just recently put up for sale by the N H Music Festival so the festival can move into the Silver Center for the Arts at nearby Plymouth State University?
One contributing reason why Belknap College closed is because New Hampshire is the one and only state, out of all 50, that imposes a local property tax on all schools above the 12th grade high school level.
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... down and out, liv'n that Walmart side of the lake!
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