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Londonderry road project hot topic for officials
It’s been just over a month since the town of Londonderry submitted an application for an $8.2 million Transportation Investment Generating Economic Recovery (TIGER) grant that, if approved, would fully fund the construction of the proposed roadway to be located off the Airport Access Road.
The area is rife with development possibilities, he said, as it’s readily accessible to both the airport and all major highways as well as public utilities.
A recent fiscal study on the project’s implications suggests the project, once completed, would “basically pay for itself,” according to Russ Thibeault, president of Economic and Real Estate Advisory Service.
Total project costs are estimated at around $13 million, he added, noting that tax revenues from the first year alone could likely cover that.
The Manchester-Boston Regional Airport, according to Deputy Airport Manager Brian O’Neil, owns about 22 acres of the parcel.
State Sen. Sharon Carson (R-Londonderry) said she’s currently working toward legislation that would result in the creation of a state economic development bank where state dollars are matched with federal money.
Carson said she felt the development was a vital one for the region since overall, the Granite State is graying.
“More than anything, I think we have reached a time where there’s a rolling consensus on this,” Hassan said, noting the importance of working together towards a common goal.
To make Pettengill Road a reality, a public and private partnership would be needed, according to DRED Commissioner Jeffrey Rose.
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