Laconia State School Closing Delayed Again

[Riviera]

Originally Posted by John Mercier

That means that the property would worth less than the $20,000 per acre...

Finally something we can agree upon.

So, no tax credits, right?
No ownership history for Dolan?
No basis for hotel land value, just an “opportunity”?
No comps in Belmont, or anywhere else?
No up front cash benefit for an opportunity zone, right?
Can’t sell land as an opportunity zone investor, right?
Only a tax saving on long term profits on an opportunity zone, right?

The whole thing was a farce.

[John Mercier]

Originally Posted by Riviera

Finally something we can agree upon.

So, no tax credits, right?
No ownership history for Dolan?
No basis for hotel land value, just an “opportunity”?
No comps in Belmont, or anywhere else?
No up front cash benefit for an opportunity zone, right?
Can’t sell land as an opportunity zone investor, right?
Only a tax saving on long term profits on an opportunity zone, right?

The whole thing was a farce.

Answer my question first... why would the other bids be higher than the $20,000 per acre that you propose is the real market value?

As for Tom Dolan's background... it was good enough for Rusty.
Are you going to suggest that Rusty knows nothing about developing and managing a hotel business?