Welcome guest, you have 2 views left. | Register | Sign In
 Contests
 Readers' Choice
 Movie times
 Property Transfers
 Auctions
 Restaurant reviews
action:article | category:NEWS13 | adString:NEWS13 | zoneID:7

Home » News » Avenues

AVENUES PARTNERS:
NH homes for sale

Search MLS

Courtesy of


Type:
Residential
Condominium
Multi Family
Land
Mobile Home
Commercial
Rentals

Towns & cities:
Price:
Low:   $
High:   $
Villages:

Locate open houses

Search By MLS #

Classifieds


 ♦ REAL ESTATE
 ♦ APARTMENTS
 ♦ HOME SERVICES
 ♦ MERCHANDISE

Click to place free online ad for items valued under $500.

Opinion

June 28. 2013 7:37PM

Londonderry taxes on Woodmont could hit $5M in 20 years

An analysis of Woodmont Commons, the 300-acre village community being proposed alongside Interstate 93 in Londonderry, suggests the project could bring in annual tax revenues of more than $5 million once it reaches the 20-year buildout.

During the latest in a series of many public hearings, Lucy Gallo, principal with the Development Planning and Finance Group (DPFG), shared details of the project's recently completed fiscal impact analysis during Wednesday night's Londonderry Planning Board meeting.

Attorney Ari Pollack, who represents project developers Pillsbury Realty Development, LLC, said the development team would be back before the Planning Board on July 10.

During next month's meeting, the developers plan on discussing the site's development standards, and Pollack said he's hoping "to have some action taken that night."

Gallo, whose firm was tasked with analyzing the projected financial impacts in the coming years, as well as determine what effects Woodmont Commons could have on the town's general fund, said the team took a multi-faceted approach to gathering its data.

"We're taking a particular look at the town's general fund because we know that most elected officials are interested in the impact this potential land use change would have on property tax rates," she said.

Using the town's 2013 budget information, including current property tax rates and trends as well as current commercial market values, the analysis also incorporated information provided by town and school officials.

"We know Londonderry, like many communities, is heavily dependent on residential tax base," Gallo said. "Woodmont would hopefully lesson the burden on residential tax."

Results from the analysis suggest the rate of new employees flocking to Woodmont Commons for their jobs would likely grow faster than the population.

Once the site reaches its 20-year buildout, the project is expected to bring 3,600 more residents to Londonderry, along with 3,800 commuting employees.

"I don't think this would surprise anyone as the live, work and play components of this project are very attractive to the market," Gallo said.

While it's difficult to determine the revenue level year to year, Gallo said the goal was to make "reasonable assumptions" though admitted the commercial development "wouldn't happen overnight."

"It's premature at this point to predict any one particular year's results," she said.

Town officials said the police, fire, building department, recreation and community development departments, along with the library and the school district, would be most sensitive to growth.

"Unlike many other communities, Londonderry's school district has availability for expansion right now, both in its operating budget and its space availability," Gallo countered.

Local school tax revenues are expected to generate "about a $7 million net surplus" once Woodmont Commons reaches its build-out, according to Gallo.

Overall, annual town-wide expenditures from Woodmont Commons are expected to increase by $3.7 million, with about a third of those costs attributed to anticipated fire and emergency needs.

Several town officials attending Wednesday night's meeting expressed some concerns.

Assistant Public Works Director John Trottier said the town lacks the "minimal equipment" needed to perform summer and winter maintenance in an urban setting like Woodmont Commons.

He further noted that the fiscal analysis presented "doesn't seem to address the impact of sanitary waste and its disposal."

"This type of development is very different from what Londonderry presently supports and could prove costly when it comes providing services in a much denser, more urban environment," Trottier said. "Plus we don't know how many of these roads will be public roads, or who will be maintaining the street lights, the grass strips in the middle of the roads. So there are a number of unknowns right now."

Board Chairman Arthur Rugg agreed.

"Right now, we have a lot of initial assumptions," he said. "This makes the whole process very, very difficult."

aguilmet@newstote.com




Real Estate

Owners of the Radisson Hotel in Nashua are seeking litigation against the city, arguing that Nashua's previous assessment of the property was too high.

Two Nashua hotels appeal city assessments

Bobcat finds favor in state Senate

Growers didn't let a bad winter stop them

The texture, color and height of stipa grass creates a dramatic focal point for this pot. It gets a burst of color from orange gazania, and the trailing impact of two shades of dichondra,

Great grasses are among the trendy choices for planters

The amethyst color adds to the charm of this carnival glass bowl, viewed from above.

Treasures in Your Attic: Carnival glass still has value to collectors

Home & Garden

The hillside property speckled with apple orchards and other farm products will remain open to passive recreation such as hunting, hiking and snowshoeing.

Easement would protect 95 acres of farmland

READER COMMENTS: 0

The Russell Foundation and the Lyndeborough Conservation Commission are working to preserve 95 acres of farmland at the former Woodmont Orchard, a scenic gateway to the community, which will also...

Zoning board denies variance for multi-family housing, duplexes

READER COMMENTS: 0

A zoning variance request for a proposed subdivision in town was denied by the zoning board, thanks to a strong showing of residents living near the property.

Chris DeLorey, left, and owner George Grondin assemble rows of arborvitae at Faulkner's Landscaping & Nursery in Hooksett on Monday. Because of the lingering winter conditions, the nursery is about three weeks behind on setting up the grounds, but the staff expect sto sell more trees this season because of damage to existing trees from the harsh winter.

Now's the time to assess winter's toll on your yard

READER COMMENTS: 0

You can't get out and dig in the dirt yet, but there are things gardeners can be doing while they wait.

Weather puts a chill on NH's retirement allure

READER COMMENTS: 0

New Hampshire ranks as the 16th best state to retire in, according to a new survey, dragged down by receiving the nation's second-worst grade for weather.

An artist's rendering of the reconstructed Balsams Resort in Dixville Notch.

Balsams project leader's vision includes big ideas, ambitious time frame

READER COMMENTS: 2

The rebirth of the Balsams Grand Resort Hotel could also see the return of commercial passenger aviation to the North Country, the resort's developer says.

Cornucopia Project continues free film series

READER COMMENTS: 0

The Cornucopia Project continues its new Food for Thought documentary series Tuesday night with its second documentary film, My Father’s Garden.

A rental home, among the properties handled by Blue Moose Vacations, offers a tranquil view Ossipee Lake.

Early summer rental benefit as winter takes its toll

READER COMMENTS: 0

This brutal winter got you down? Looking to escape? Well, many blizzard-battered New Englanders already have booked rental lodging hot spots around New Hampshire this summer, especially if their...

Its iconic footbridge and waterfall were backdrops for national reporters  covering the New Hampshire Primary, but the Wayfayer Inn and Conference Center in Bedford is being torn down, making way for a shopping center.

Who's who of national political reporters fondly remember Bedford's Wayfarer

READER COMMENTS: 2

As wrecking machinery tears apart the aging walls of the abandoned Wayfarer Inn, so too is a piece of New Hampshire history being laid to rest.