New law could help Balsams redevelopment
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New Hampshire Gov. Chris Sununu has signed into law a bill that could help redevelop the Balsams Grand Resort.
The Caledonian Record reports the bill allows counties to establish redevelopment, or tax increment financing, districts in unincorporated places and issue and administer bonds for revitalization projects.
It allows county commissioners to authorize bonds that would be bought by a private buyer and repaid through assessment revenues generated by the redevelopment district. A financing plan must be established by the bond recipient and approved by the county commission.