Raymond's Pine Acres RV park fails to find a buyer at auction
The 45-year-old campground went up for auction Monday morning and was ultimately taken back by the bank after one bid of $2 million was received. The bank price was $5.6 million.
A representative from the management company hired by the bank to run the campground this summer told campers on site not to give any more money to Morgan Management, the corporate RV company that has owned the campground for the past several years.
Duncan Kirtley said seasonal campers should come by the campground this week with any credit card receipts or canceled checks to prove the payments they already made to Morgan for their seasonal sites, which will be honored. Many campers were concerned about those deposits, which Morgan had been soliciting as recently as last week even with public notice of the auction.
Kirtley declined to name the management company that will be overseeing the campground this summer.
Two well-liked managers, Troy Bittner and Daryle Edyars, will return to manage the campground, he said, another piece of news that elicited cheers from the campers.
Stanley Shea and John Tracy, the two men who started Pine Acres and ran it for 36 years, also attended the auction. Tracy said they will certainly be watching to see if the bank sells the property, and at what price.
The 95-acre property is assessed at $3.3 million, according to town records, but Tracy said he believes the current mortgage on the property is over $5 million.
Seasonal camper Bob Cortez of Nashua said now he just hopes that the campground can be returned to its former glory through good management and the effort of seasonal campers ready to rebuild the campground's reputation.
"It is the best thing that could have happened to this property," camper Nancy MacDonald of Gloucester, Mass., said.
READER COMMENTS: 0
- $22.3m approved for MTBE assessment plan - 1
- 11th-hour deal in Seabrook Station labor battle - 1
- Seabrook Station labor lockout would draw NRC presence - 5
- No agreement reached in Seabrook Station labor talks - 0
- Seabrook plant close to lockout in union dispute - 53
- Wind-power foes object to forum sites - 10
- Decision on merits of PSNH scrubber goes back to PUC - 1
- Grafton residents glad to be dropped from wind project - 1
- Planned PSNH station closing has Hillsborough concerned - 4
READER COMMENTS: 0
- Dave D'Onofrio's Patriots Notebook: Incredible win tempered by loss of Gronkowski - 0
- National champion SNHU booters return home to big welcome - 0
- Allen Lessels' UNH Notebook: Football team on to SE Louisiana - 0
- Nashua aldermen set to vote on contract for teachers - 0
- Katie McQuaid's Scene in Manchester: Let there be Christmas lights - 0
- Plea deal possible in Littleton murder - 0
- New UNH logo draws mixed reactions - 0
- Gilmanton library may shut down if it doesn’t get funding - 0
- Father not convinced girl in video is Abigail Hernandez - 0
New Hampshire Senior News Notes
New UNH logo draws mixed reactions
UNH unveils new 'shield' logo
UNH lecturers seek to unionize
Word of Abby's letter spurs tips of no use