Ten year lease may have included a monthly or annual rent... the article was not specific.
Needless to say, the City of Laconia could not provide public space that subsidized an entire competing with shore-based establishments paying property taxes.
Lots of money floating around the area right now... so not really that hard to make a business go. But a deep capital investment when the tide turns, and it can happen in any venture or the greater economy in general - that is when great businesses show what they have.
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