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mcdude · 05-11-2005, 07:18 AM

RG: You, and others, on your side of the island may potentially be looking at a lot(s) of development. The 'new' owner of the Lakes Region Airpark was required to keep it open as an airport until 2005. The state was unable, or unwilling, to acquire the property and it is now ripe for some kind of development. I'm thinking that this Wahlgreen property may even abut the airpark.

From the Laconia Citizen....
"In the fourth spot is Lakes Region Airpark, a small airport overlooking The Broads, the widest section of Lake Winnipesaukee.

The air park is assessed at $6,094,158 generating a tax bill of $66,670. Made up of two parcels, one 33.73 acres and the second, 69.5 acres off Forest Road, it features 1,000 feet of frontage on the Big Lake. The airport’s waterfront is a state approved seaplane base and is still designated as such on lake charts.

Airpark founder Ralph Horne sold it in his later years and the taxes continued to climb. But Horne added a deed restriction mandating that it operate as an airport until 2005. Don Satterfield bought it, honored the deed restriction, and was considering developing some of the property into about 35 house lots but never filed an application with the Planning Board.

When Satterfield later signed a purchase and sales agreement on the parcel with Spencer Hughes Realty, it triggered a law that gives the state the right of first refusal on privately owned airports. The case ended up in Superior Court and concluded with a judge’s ruling that the state lacked standing to acquire the airport. The Wolfeboro town planner said no development plans have been filed for the property"
See complete article HERE

ANOTHER ARTICLE on the proposed development of the airpark.

05-11-2005, 07:18 AM	#13
mcdude Senior Member Join Date: Jul 2002 Location: Rock Haven Lake - West Newfield, ME Posts: 5,367 Thanks: 374 Thanked 1,057 Times in 495 Posts	Potential Development RG: You, and others, on your side of the island may potentially be looking at a lot(s) of development. The 'new' owner of the Lakes Region Airpark was required to keep it open as an airport until 2005. The state was unable, or unwilling, to acquire the property and it is now ripe for some kind of development. I'm thinking that this Wahlgreen property may even abut the airpark. From the Laconia Citizen.... "In the fourth spot is Lakes Region Airpark, a small airport overlooking The Broads, the widest section of Lake Winnipesaukee. The air park is assessed at $6,094,158 generating a tax bill of $66,670. Made up of two parcels, one 33.73 acres and the second, 69.5 acres off Forest Road, it features 1,000 feet of frontage on the Big Lake. The airport’s waterfront is a state approved seaplane base and is still designated as such on lake charts. Airpark founder Ralph Horne sold it in his later years and the taxes continued to climb. But Horne added a deed restriction mandating that it operate as an airport until 2005. Don Satterfield bought it, honored the deed restriction, and was considering developing some of the property into about 35 house lots but never filed an application with the Planning Board. When Satterfield later signed a purchase and sales agreement on the parcel with Spencer Hughes Realty, it triggered a law that gives the state the right of first refusal on privately owned airports. The case ended up in Superior Court and concluded with a judge’s ruling that the state lacked standing to acquire the airport. The Wolfeboro town planner said no development plans have been filed for the property" See complete article HERE ANOTHER ARTICLE on the proposed development of the airpark. Last edited by mcdude; 05-12-2005 at 06:39 AM.