By BalsamsSales
BALSAMS DEVELOPERS COMMENT ON NEXT MOVES, WITH MAJOR MILESTONES REACHED
April 5, 2023
By Jake Mardin
The News & Sentinel
“After the county planning board approved the site plan application for the ski area and the commissioners and delegation approved the creation of the Balsams Resort Redevelopment District in recent weeks, developers say the project has taken ‘a good step forward’ but that there is still work to be done.
‘We are very pleased with the last several months of work with the county,’ said spokesman Scott Tranchemontagne. ‘Both the ski area site plan approval and the creation of the tax assessment district required a lot of work by the planning board, county administrator, commissioners, delegation and The Balsams team. Everyone has worked diligently and collaboratively to address questions, provide information and ultimately get these key pieces across the finish line’…”
LES OTTEN AND THE BALSAMS SKI DREAM
March 31, 2023
“Here, all of a sudden, we’ve got this incredible asset that is begging to come back to life…if we do our job well, you’ll find incredible snowmobiling, you’ll find incredible cross-country Nordic skiing, you’ll find a great hot springs spa to hang out in during the winter, you’ll find great hiking and showshoeing, you’ll find a lot of really really great food sort of highlighted by the Balsams buffet…”
Listen to the full episode from New England Ski Journal’s Basecamp Podcast here.
BALSAMS SKI PLAN GIVEN CONDITIONAL APPROVAL BY BOARD
March 24, 2023
By Donna Jordan
Appearing in the Colebrook Chronicle
“The latest approval has been received for the Balsams Grand Resort Hotel re-development project in Dixville Notch.
At a Coos County Planning Board meeting held on March 15, the planning board voted to approve the site plan for the ski area expansion, with conditions. This expansion is part of the phase one portion of the major re-development project. It was explained at the planning board meeting that this approval was the last ‘big’ approval needed; there are still a few more approvals that will need to go before the planning board…”
BALSAMS RESORT PROJECT TAKES GIANT STEP FORWARD
March 23, 2023
By Lisa D. Connell
Appearing in the Berlin Sun
“WEST STEWARTSTOWN — Conditional approval of the Balsams resort development and a financing plan was granted at a special meeting of the Coos County commissioners on Wednesday.
The approval calls for ‘the creation of the Balsams Resort Redevelopment District’ and also, approval of the issuance of bonds for the district…”
COOS COUNTY COMMISSION APPROVES BALSAMS FINANCING PLAN
March 23, 2023
By Robert Blechl
Appearing in the Caledonian Record
Lancaster, NH
Approved Documents State First-Phase Redevelopment In Excess Of $270 Million
“Two days after unanimous approval from the Coos County Delegation, the Coos County Commission on Wednesday voted 3-0 to approve the financing plan for the redevelopment of The Balsams Grand Resort in Dixville.
The commission’s discussion and vote that lasted a few short minutes is the final authorization needed from the county for the financing plan…”
BALSAMS RECEIVES PLANNING BOARD APPROVAL FOR SKI AREA SITE PLAN
March 22, 2023
By Jake Mardin
“After several meetings over the past five months, the Coos County planning board has given conditional approval to Dixville Capital’s site plan application for the expansion of the Balsams Ski Area in Dixville…
…The plan includes seven new lifts and about 250 acres of ski terrain, along with a gondola and ski-back bridge that cross over Route 26. The new Lake Gloriette House will serve as a base for the ski area, and skiers will reach the slopes from and return to that location. There is a plan to allow for shuttles to transport guests if the ski-back bridge is not in place when the ski area opens…”
BALSAMS SECURES “CRITICAL” APPROVAL FOR REDEVELOPMENT
March 18, 2023
By Robert Blechl
Appearing in the Caledonian Record
Lancaster, NH
Balsams Secures “Critical” Approval For Redevelopment
Financing Plan Goes Before County Commission On Monday
“The planned redevelopment of The Balsams Grand Resort in the unincorporated place of Dixville has secured what a developer called a ‘critical’ approval…”
CONSULTANT OUTLINES PROPOSED BALSAMS FINANCING PLAN, RISKS TO COUNTY
February 20, 2023
By Robert Blechl
Appearing in the Caledonian Record
Lancaster, NH
“During a joint meeting of the Coos County Commission and Delegation in Lancaster on Friday, the municipal consultant for the county outlined the proposed financing plan to redevelop The Balsams and what he said are the risks to the county.
At the core of the proposal is the issuance of $35 million in bonds and the creation of an assessment district, which would have to be approved by both the county commission and delegation…”
THE BALSAMS: GOOD PROGRESS MADE AND GREAT THINGS AHEAD
June 17, 2022
By Les Otten
Appearing in the Colebrook Chronicle
“The Balsams Development Team has made significant progress over the last six months since the announcement of our collaboration with Provident Resources Group (PRG) and
Goldman Sachs to advance major components of the project’s financing. This announcement created a tremendous surge in interest, with more than 500 individuals inquiring about Balsams real estate since the relationship with Provident was announced, catapulting pre-sales commitments to approximately $30 million.”
Les Otten Talks about the State of The Balsams on NH Business Review
March 18, 2022
“With a new investor entering the fold, the long-awaited Balsams redevelopment will be a new North Country getaway for Granite Staters, hopefully in late 2023, early 2024. NHBR Editor Jeff Feingold and Associate Editor Amanda Andrews sit down with developer Les Otten to get the lowdown on what’s coming for the new project.”
Listen to the full episode from NH Business Review’s Down to Business Podcast here.