Fun City Trampoline Park seeks home in former Goffstown Shaw'sBy MELISSA PROULX
Union Leader Correspondent
February 13. 2018 11:51PM
GOFFSTOWN — A new business looking to set up shop in the former Shaw's Supermarket space will get a public hearing in the coming weeks about a tax exemption they applied for.
A banner advertising Fun City Trampoline Park is hanging above the entryway to the 553 Mast Road property.
The business will feature trampolines, bumper cars and arcade games, according to Town Administrator Adam Jacobs. A laser tag component is also planned.
The planned opening would be in the spring, according to a flyer on KeyPoint Partner’s website, which is handling the leasing for the plaza.
The former Shaw’s Supermarket site closed in 2013. It was one of six stores closed at the time, including the Manchester location on South Willow Street.
Poor profit margins at the shuttered stores was identified as the reason for the closings, according to company spokesmen.
The plaza itself that houses the former supermarket storefront was sold for $4 million this past fall to 553 Mast Road, LLC., according to online assessing records.
Owners are looking to take part in the 79-E Community Revitalization Tax Relief Incentive Program.
The tax incentive allows tax relief on any improvements companies make to their properties. This means that although the owners will be taxed on the current assessed value of the building, they won’t be charged extra if the value increases for five years after the upgrades are made.
More time can be added, however, at the municipality’s discretion. For residential properties, this period lasts seven years and up to nine years if it’s affordable housing.
About $575,000 worth of work will need to be done to the building in order to outfit for the new business.
The town will also enter into an agreement with owners for up to 10 years if the exemption is granted.
Other businesses in town have applied for and received the exemption, including Putnam’s Waterview Restaurant on Main Street and Brown’s Emporium on North Mast Street.
A public hearing will be held at the next selectmen’s meeting on Feb. 26 starting at 6 p.m.