Future park and ride lot on hold in Nashua
Early last year, the Board of Aldermen voted to acquire the downtown property for $1.4 million, which consists of two parcels at the 25 Crown St. location. The intention is to construct a park and ride lot for a maximum of 250 vehicles, with the possibility of a future train station also being housed at the site.
On Tuesday, the Board of Aldermen was presented with a proposed resolution to enter into a new lease agreement with AC Products, Inc., for the same property. According to Galligani, the cabinet division of Armstrong was recently acquired by AC Products, Inc.
“Now that we don’t own the property, we don’t collect the tax revenue,” said Galligani. “We hoped to get at least as much from the lease to fill that (tax) void.”
Meanwhile, there has been some interest in the larger warehouse facility that was previously used by Armstrong, but that building’s future is still uncertain.
There are some different possibilities with the warehouse building, according to Galligani, who said city officials could decide to keep the structure standing and lease the facility, build around the structure or raze the building entirely.
Until the passenger rail study is completed, Galligani said those major decisions will remain on hold.
Alderman Paul Chasse said he had serious reservations about the city becoming a landlord, while Alderman Dan Moriarty said he would rather see a train station near Exit 2 in south Nashua.
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