Originally Posted by John Mercier
Regent provides grants and low interest financing to projects in NH.
LaCroix is the anchor investor. Which is also actually a group of investors rather than one person.
The contingencies was a deed free of encumbrance.
The State worked diligently on that, right up to the point that it decided to add one that did not exist prior... deeded access for a snowmobile corridor.
You seem to forget that the Governor and Executive Councilors, along with a very large staff, were involved in doing the ''due diligence'' on all the firms involved.
That the LRPC headed up by Bald and having several local politicians and a city official on-board were also supposedly doing ''due diligence''.
McCoy and Alexander were not the best front people for the project, but Arlinghaus and the others felt confident in the LaCroix team...
The team includes:
– TF Moran – an engineering firm based in Bedford. TF Moran’s portfolio includes one of the state’s largest mixed-use projects currently in development – Woodmont Commons.
Principals Dylan Cruess (COO) and Robert Duval (President) are directly involved in the Legacy Project. Other large, notable TF Moran projects include SNHU Arena in Manchester, much of the past 20 years of work at both St. Anselm and Southern NH University, the Manchester Riverfront Development, Granite Ridge Power in Londonderry and the stormwater pollution prevention plans for the $800 million widening of I-93 from Salem to Manchester.
– Hinkley Allen – Legal counsel. Based in Manchester and Boston, Hinkley Allen is providing guidance and legal counsel to Legacy at Laconia. Experienced real estate development attorney John Sokul is working directly with Legacy. He represents owners, developers, retailers, and investors in the acquisition, permitting, development, financing, leasing, and operations of commercial properties and shopping centers throughout New Hampshire and Massachusetts. Sokul is currently advising the development of Tuscan Village, one of NH’s largest and most complex redevelopment projects in Salem. Hinkley Allen partner and construction industry veteran Ron Ciotti is also representing Legacy.
– North and South Construction Services
Construction. Based in Newington its chief executive officer is Pete Johnson. In 2006 he co-founded North & South Construction Services providing commercial, industrial, and institutional construction services.
– Interiors East
Architectural Planning and Design
Founder Jim Wisniewski is one of the owners of the Legacy team.
Interiors East was established in 1996 as a full-service studio offering a full scope of architectural services – from a project’s inception, through planning, design, and development, to construction documentation.
– Kristy Lacroix – the Lacroix Experience
Lacroix has been involved with the disability community for almost 30 years. She created Wheelchair Escapes over 20 years ago to facilitate fun vacations and travel for people with disabilities and their families.
The OZ is still intact, so maybe they jump for with the commercial aspects of the property and leave the workforce housing to another location.
Getting the property for less is just a bonus.
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