Executive Council OKs sale of state-owned buildings
The buildings to be sold are 32-24 S. Main St. in Concord; 10 West St., Concord; 298 Hanover St., Manchester; and 300 Hanover St., Manchester.
About 250 employees in all four buildings will be relocated to the Tobey Building at 45 Fruit St., Concord, and to another site in Manchester that has yet to be determined, according to Employment Security Commissioner George Copadis.
NHES received a recommendation of the Council of Resources and Economic Development and then approval from the legislative Long Range Capital Planning and Utilization Committee in September to sell the properties as part of a Capital Budget project.
Executive Councilor Dan St. Hilaire of Concord, who is also an elected city councilor, said the city is looking to revitalize Main Street and the sale of the state building would be helpful toward that redevelopment effort.
';It';s a key building,'; he said of 32-34 S. Main St., which is near the Capitol Center for the Arts.
The property has been appraised for $1,750,000.
The 10 West St. property in Concord is appraised for $1.7 million.
Also potentially coming back on the tax rolls are the two Hanover Street properties in Manchester.
The one at 298 Hanover St. is appraised at $700,000 while the other property at 300 Hanover St. is appraised for $1.5 million.
NHES has been engaged in the renovation of the Tobey Building in Concord for the purpose of consolidating administrative department operations and to improve overall efficiency of the department.
The renovation is expected to be completed by next October.
Copadis also updated the council on the current unemployment rate in the state, which is coming down.
Last month the unadjusted unemployment rate was 5.7 percent and this month, it is 5.1 percent, Copadis said.
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