Huge Commercial Project in West Alton

[John Mercier]

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.

[Weekend Pundit]

Originally Posted by John Mercier

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.

If they're flying commercial I can see where driving up from Manchester might be a chore. However, if they have enough money they can probably use Net Jets and fly directly into Laconia if they're coming from some distance. If they live in the Boston area then a helicopter might make sense because then they can fly directly to the property and get there in less than an hour.

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.

[John Mercier]

They aren't considering these second homes.

[Weekend Pundit]

Originally Posted by John Mercier

They aren't considering these second homes.

I don't think we can make that assumption. Yes, some will be primary residences but some will be second...or third...or fourth homes. Goodness knows we see that on Governor's Island.

[John Mercier]

Does Governor's Island even have ten plus acre lots?

[Descant]

Originally Posted by John Mercier

Does Governor's Island even have ten plus acre lots?

Sort of. The GIC owns a 47 acre parcel on Summit Ave that is in current use. I guess there could be other inland parcels.

[John Mercier]

But it isn't for sale and buildable is it?

[Descant]

Originally Posted by John Mercier

But it isn't for sale and buildable is it?

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.

[John Mercier]

If they go up for sale...
I could probably find them a buyer.
As long as they don't carry too many covenants.

[codeman671]

Originally Posted by John Mercier

But it isn't for sale and buildable is it?

Its most likely deeded common land for the association.