BALSAMS GRAND RESORT’S REDEVELOPMENT IN JEOPARDY
Tuesday, May 15, 2012
Colebrook Planning Board Action Forces Owners to Put Renovations on Hold
Dixville Notch, NH – The Balsams Grand Resort’s future is in jeopardy, following action by the Colebrook Planning Board Tuesday, May 1, 2012. The resort’s new owners, Balsams View LLC, says it has been forced to place the resort’s renovation project on hold indefinitely, after the Planning Board refused to approve a subdivision plan that is essential for the project to move forward.
Balsams View appeared before the Planning Board Tuesday evening and requested approval of four routine property subdivisions. Three of the plans were approved, but the Board continued its hearing on the fourth subdivision until its June meeting. By not approving the subdivision, the Board has delayed key project elements by at least a month, including financing, and the project’s ability to begin demolition and construction on schedule. Given the North Country’s short construction season, this delay will cost Balsams View, LLC hundreds of thousands of dollars and could stop the project permanently.
Balsams co-owner and Colebrook contractor Dan Hebert said he was completely surprised and extremely disappointed with the Planning Board’s inaction. “Our team met with the Board a month ago and outlined our subdivision concept. It was explained that the subdivision was needed in order to secure financing for the project, and that the parcels would all still remain in o
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