“On a 3-2 vote, the Executive Council on Wednesday approved the $21.5 million sale of the former Laconia State School property to private developers despite financial questions about some of the project’s key members. The development will include 340 single-family, duplex or triplex homes, half of which will be priced as “entry-level,” 108 condominiums, 500 apartments — 120 designated as “workforce housing” — and 350 townhouses. The site also will have 360 units of independent living units for seniors, along with 230 assisted-care units, which McCoy will spearhead, according to a spokesman for the developers. Along with housing, the project includes a 1,000-seat convention center and a 250-room hotel, as well as urgent care, child care and pharmacy facilities on site. Half of the property will remain undeveloped and taxed under the state’s current-use law, which values property in its natural state rather than at its potential developable value, officials said.”
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