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03-22-2024, 09:04 AM | #101 | |
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School Support
You/your family may not use the school system, but it (school system) is one of the biggest factors in determining real estate value(s). You should ALWAYS support the school system.
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03-22-2024, 10:06 AM | #102 |
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If you have kids, your kids were educated by the contributions (real estate taxes) of others most likely. Public education is a social contract….like social security. It’s part of living in a cooperative society. Look closely at Scandinavian countries…they are the worlds happiest places ( even with long, cold winters) because they seriously take care of each other with basic standards of living.
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03-23-2024, 07:18 PM | #103 |
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Actually, the buyers being discussed are not looking at either the school system or the property tax rates in their search for property.
Alton and Gilford use two different school systems to my knowledge and have two very different tax rates. The only difference that I have noted in this group is that they are coming by air rather than highway; or at least need easy access to the airport for business trips. I am guessing the drive from Manchester on Friday evenings must be brutal. |
03-25-2024, 09:08 AM | #104 | |
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It All Depends
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It all depends upon time - how much they're willing use to get there - and money - how much they're willing to spend to get there. Last edited by Weekend Pundit; 03-25-2024 at 09:09 AM. Reason: Fix a typo |
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03-25-2024, 11:21 AM | #105 |
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They aren't considering these second homes.
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03-25-2024, 03:37 PM | #107 |
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Does Governor's Island even have ten plus acre lots?
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03-26-2024, 10:46 AM | #108 |
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03-26-2024, 03:17 PM | #109 |
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But it isn't for sale and buildable is it?
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03-27-2024, 12:45 AM | #110 |
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There are a number of houses on Summit Ave and around Governor's that are not shorefront. That parcel certainly isn't wetlands. Being owned by all the association members, it probably isn't for sale today. Summit Ave goes straight from the bridge up, up intro the middle of the island. The Gilford tax assessment database lists several properties on Summit Ave.
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03-27-2024, 10:29 AM | #111 |
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If they go up for sale...
I could probably find them a buyer. As long as they don't carry too many covenants. |
03-27-2024, 10:34 AM | #112 |
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05-08-2024, 04:55 AM | #113 |
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The four variances are on the agenda for the June 6 ZBA meeting; should the developer achieve those variances, she will then submit her site plan for review by the Planning Board.
https://www.laconiadailysun.com/news...ec697c2c5.html |
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05-08-2024, 12:17 PM | #114 | |
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Time to write letters to the editor of the Daily Sun. |
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05-08-2024, 01:06 PM | #115 | |
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05-08-2024, 01:27 PM | #116 |
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The problem with LSS, is that the State wants the full boat to cover the risks associated with the mix of historical and environmental negatives on the property. They also want some format of workforce housing in the proposal (not that easy to do with what Toast wants to do) and have encumbered the property with a permanent public access trail even beyond the road to the State park.
The property being proposed hasn't got all those issue with it. |
05-08-2024, 01:31 PM | #117 | |
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https://www.facebook.com/groups/700026178785409 Alan |
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05-08-2024, 01:37 PM | #118 | |
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05-08-2024, 05:20 PM | #119 |
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Today I sent an email to Adam Drapcho who wrote the article in today's sun. He was not aware of the opposition. Adam would like to hear from any "opposition leader" and he would consider a follow up article. Adam is a balanced reporter and he was not aware of the opposition. So thoughtful replies are suggested.
His email: ad@laconiadailysun.com Alan |
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05-08-2024, 05:24 PM | #120 |
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I'm quite certain, but moving from one to the other doesn't really make sense.
And Laconia is going to need to find some land to satisfy HB1361 |
05-08-2024, 09:57 PM | #121 |
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What am I missing? How is this discussion about rural zoning vs. commercial zoning on a mountain top related to developing trailer parks in Laconia? Plenty of places in Belmont.
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05-09-2024, 07:20 AM | #122 |
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Each municipality must now have some format of access.
Laconia has limited properties that could be considered ''reasonable and realistic'', and has been one of the most vocal municipalities in the Lakes Region on ''workforce housing''. Since the Mutual Aid doesn't want to move... rezoning for that use would suffice for a while for Laconia. Since Belmont has a lot of areas that could be, and are, available to manufactured housing or expansion... really not a lot that we have to do. |
05-09-2024, 07:55 AM | #123 |
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And Gilford. More and more large landowners are deeding their land to the Belknap Conservatory.
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05-09-2024, 02:49 PM | #124 | |
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05-09-2024, 04:16 PM | #125 |
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Perhaps I misread the info on products. I understand some Toast products also do "instant inventory control" among other things. Managing finances in a restaurant/hospitality business seems to be a common weakness. Too many think you have to be a good cook, not a good manger, which is why so many restaurants fail. Of course, being under capitalized is an issue too.
In any event, there is some skilled management and some money in the mix here. |
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05-09-2024, 07:54 PM | #126 | |
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05-09-2024, 08:23 PM | #127 |
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This doesn't in what I have read equate to a restaurant or hotel.
It has an odd feeling like trying to turn an estate into an STR. Even the glamping operation in the Weirs seems to be discussing something about wedding events. |
05-12-2024, 09:04 AM | #128 |
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After reading the article in the Sun about the new owners and their plans, I come away with some skepticism. She was a nurse and now that she and her husband have struck it rich, she is now a self proclaimed "developer" looking for a project. She talks about the charm of the Lakes Region and NH. That charm is related to family owned and operated businesses dotting the state. There is no charm in a Walmart or Target. The article didn't say that they are planning to both operate the site and/or live there. It has the feel that they want to build it as a money making scheme and possibly sell it after it is done. Just another out of stater throwing their money around. Maybe it will go the way of Surfcoaster.
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05-12-2024, 10:34 PM | #129 |
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I don't think sell it.
It seems more like they want a compound that they can lease out. Its like purchasing a yacht or a jet and then commercializing it as part of a rental fleet. STR are the same concept. People purchase a vacation home and then rent it out to pay for the property and ongoing costs with the intent to get their week or two free. It is a different concept than the historical vacation cottage/camp that is shutdown and ''winterized'' while the owners are away. |
05-13-2024, 08:14 AM | #130 | |
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05-13-2024, 09:26 AM | #131 | |
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05-13-2024, 09:26 AM | #132 | |
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05-13-2024, 09:48 AM | #133 |
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you are correct
I saw that this development is going to be $50-$60M. Lets make the math easy and say its $52M. Any decent private wealth manager should get an annual return of 10% for his/her client (and maybe more). So the opportunity cost for this 'project' is $5.2M a year in investment earnings... Who really believes this 'wedding venue" is able to bill out $100,000 per week minimum every single week of the year? It doesn't add up...
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05-13-2024, 10:54 AM | #134 |
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Because it is a private compound that they want to rent out when they are not using it. The focus in not the return on investment from a dollar value.
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05-13-2024, 11:06 AM | #135 | |
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Lots of people rich enough to buy private jets, but they still put them in the rental fleet. It has tax advantages and lowers the capital opportunity costs. Example: The capital opportunity cost could be as much as $5.2 million per year. So building and only living there part time... that is $5.2 million gone, property tax and upkeep gone, and due to income tax policy... they probably could not deduct the full amounts for that either... so more loss. Leasing it: some recovery of the $5.2 million, and full deductibility of the property taxes and upkeep as a commercial operation. The dollar amounts are different, but the concept not. Does it really matter that someone not born here decides to move or build here and spend $100,000 or $100,000,000? Not to us born here. |
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05-13-2024, 02:20 PM | #136 | |
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wedding prices
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That being said, I hope the ZBA denies the variance. Wasn't it Alton that wouldn't let Bob Bahre (sp?) show off his car collection as a commercial operation in a residential zone? |
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05-13-2024, 05:00 PM | #137 | |
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they have to clear $100K...
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05-13-2024, 05:37 PM | #138 |
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I don’t know what the ZBA might do, but a variance comes with a fairly extensive set of legal criteria that the ZBA must consider. One criteria is that the must be a “hardship” inherent in the land itself. My cursory understanding of the application requests tells me that this will be a tough criteria to meet. Even if the local ZBA sees fit to approve the application, I suspect this would be ripe for an appeal, with a strong probability of the courts overturning the ZBA decision.
Quote frankly, this entire application seems to highlight the applicants limited development experience. Clearly, the personal wealth is there to make it happen, but it’s not going to be much fun getting there, if they get there at all. |
05-13-2024, 07:47 PM | #139 |
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Don't it always seem to go
That you don't know what you've got till it's gone, They paved paradise, and put up a Wedding venue / corporate retreat. Last edited by retired; 05-13-2024 at 09:28 PM. |
05-13-2024, 08:26 PM | #140 | |
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05-15-2024, 04:39 PM | #141 |
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Forget the property watch the stock
I followed the post and looked up the TOST stock , I found it in use in a few local restaurants, all love this software! Took a small position, sorry I didn’t go in heavier . Please take a look at their recent results.
If nothing else they have a great business going |
05-26-2024, 11:25 AM | #142 |
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sign
Did anyone see this sign fly by Alton on Saturday?
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05-26-2024, 06:06 PM | #143 | |
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05-26-2024, 06:08 PM | #144 |
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Yup. We cheered on shore. We are in W Alton and that rich man’s playground would be directly behind us.
Look at the abutting properties. Let’s say this is approved, built as asked or with few changes…and abutters looking for a pay day approach and/or accept a large sum for their properties. Everybody has a price. From the original development moving down the mountain and over into Gilford and you may see Ames Farm sold. Riley Road surely being eyed as access road… guessing but that’s what I would consider. I have heard that a few abutters have discussed selling and/or their business guaranteed work during construction if they are pro-project on social media and every day. But that’s politics and “progress”, right? |
05-26-2024, 06:46 PM | #145 |
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Was this the response to the aerial banner?
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05-26-2024, 09:42 PM | #146 | |
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The angst over what ''might'' happen should be less... for something is going to happen. It may not be the current proposal, but it will be some format of development. |
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05-27-2024, 07:14 AM | #147 |
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Plane
Yes we have the same picture!! Not sure who paid for this but good for them and a big THANK YOU. Is there a site to contribute to this? Cost shouldn't be borne by one person.
This project will be right above us. I foresee nothing but traffic issues - single lane roads, problems at intersection of 11 and CV Rd and more. Never mind the potential sound and echoing issues Nip this in the bud at the June 6 meeting |
05-27-2024, 11:12 AM | #148 |
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I'm not familiar with the geography here, but you might consider asking Lake Winnipesaukee Association their thoughts on this, or maybe to do an analysis of potential environmental impact to the lake
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05-27-2024, 11:25 AM | #149 |
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It isn't on the lake.
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05-27-2024, 11:41 AM | #150 |
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It’s not directly on the lake, but it is in the Winnipesaukee watershed, which is extremely important to protect and preserve.
https://winnipesaukeegateway.org/the.../introduction/ |
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05-27-2024, 08:10 PM | #151 |
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There are many more properties closer to the lake than this one, that when they were being developed had a cumulative impact much large than this one would be.
We have problems getting the support of people - even those opposed to this project - when it is directly on the lake; and directly affects public property even without restricting private property The question on this property's development is more about the zoning rather than the environmental impact. It will be developed... probably just not with a Special Exception for a Commercial Event Facility. The Legislature passed some housing bills this year... but next session will see a whole slue of bills that went to study being remitted for another go around. So she will build something up there. What? I have no real idea. I guess as the laws change her plans may change. It could make a decent farm... which is a business with special tax advantages... and not have to go through all this. |
06-05-2024, 08:40 AM | #152 |
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Please try to attend the Alton Zoning Board meeting on Thursday night June 6 at 6:00pm at the Alton Town Hall. This project will have a major impact on Lake Winnipesaukee and surrounding communities, so it’s important to have a strong presence at this meeting.
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Yesterday, 02:55 PM | #153 |
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Well THAT got screwed up!
Last night's ZBA meeting went nowhere for the applicants...other than the meeting being moved to the high school auditorium because there were too many people in the hearing room at town hall.
The first of their four applications were rejected by the ZBA as incomplete and the applicants withdrew the other three as they were incomplete, too. I expect they will refile their applications for the Special Exception and the three Variances they were requesting. When I spoke with their counsel he stated that they were going to make changes to their initial plans that might eliminate one or two of their ZBA applications, but that's all he was willing to say about the matter. |
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Yesterday, 06:23 PM | #154 | |
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Yesterday, 09:26 PM | #155 | |
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The real power for dealing with the project is with the Planning Board. The ZBA is not required to allow public input as all they're interested in is processing the Special Exception and Variances for the project according to the zoning ordinances and/or state laws. However, the Planning Board is required to allow public input. Both proponents and opponents can address the Planning Board after the applicants make their presentation and PB members ask their questions. Then the Board will open the hearing to the public so they can express their opinions and concerns, and asking questions of both the Board and the applicants if they so desire. Once the public has had their say the PB will close the public hearing and move on to other applicants. Once all of them have been heard, the PB will discuss and vote on each application in turn. The Board can approve the application as is, approve it but with conditions that must be met before the Chairman signs off, rejected with suggested changes to be made before reapplication, or outright rejection. Last edited by Weekend Pundit; Yesterday at 09:34 PM. Reason: Typo |
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