The Balsams’ future comes down to a legislative decision
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North Country residents wonder whether redeveloping the Balsams Grand Resort will recreate its elegant past and be the catalyst for a world-class outdoor economy they desperately need in the Great North Woods.
Or will the grand old hotel just continue to deteriorate. Or perhaps worse, undergo redevelopment only to flop and leave taxpayers footing a $28 million bill.
Now that the New Hampshire House has passed enabling legislation by a wide margin to make financing possible, with the Senate set to take up House Bill 540 next, we will all have a better idea.