'Put up or shut up' time for state sale of Laconia property

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Gov. Chris Sununu and state officials said developers have until April 22 to complete the $21.5 million purchase of the former Laconia State School property or the state will seek other willing buyers. Here’s an architectural rendering of the Legacy at Laconia LLC project.



CONCORD — Gov. Chris Sununu and top state officials said April 22 is “put up or shut up time” for the firm chosen to buy the former Laconia State School property for $21.5 million to complete that sale or they will seek other redevelopment offers.

Administrative Services Commissioner Charles Arlinghaus and Sununu said it both made sense to give the Legacy at Laconia group another 30 days to recover the financing it had lost when a previous lender agreement expired at the end of February.



Gov. Chris Sununu said developers have until April 22 to complete the $21.5 sale of the former Laconia State School property or the state will move on to seek other offers.  Here the lead developer, Robynne Alexander, pointed out detail of another project she led to develop workforce housing on Elm Street in Manchester.


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