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
- Pat Buchanan: China has begun prowling Asia like a hungry tiger - 2
- Thomas Sowell: Victimhood and race - 4
- Fred Hiatt: While Obama talked, Assad killed - 4
- Ramesh Ponnuru: Why the latest corporate tax cut plan won't work - 1
- Aidan Connell: Manchester Central educated this Hooksett student very well - 13
- Deroy Murdock; Fracking is 'greener' than environmentalists want to admit - 9
- Margaret Carlson: Is Obamacare challenging enough yet for President Obama? - 4
- George Will: Scott Walker, action figure governor - 1
- Charles Krauthammer: An outbreak of lawlessness - 1
READER COMMENTS: 6
- UPDATE: Portsmouth woman, 60, identified after her body is found in creek - 1
- N.Y. man charged with reckless conduct after accidental shooting in Nashua - 1
- Cases against Keene 'Robin Hooders' dismissed by judge - 5
- Task force arrests man in Nottingham for Candia burglary - 1
- Police: Salem man used car keys to stab officer in hand - 1
- Manchester muffler shop burglarized - 0
- Boy, 12, struck in Newton remains hospitalized - 0
- State revenue under projections for November - 1
- Armed man arrested after Manchester convenience store robbery - 0
John DiStaso's Granite Status: Bob Smith ready to hire campaign manager for his 2014 US Senate run
Push to block casino in NH ramping up