Gilmanton
Real Estate
Former Laconia State School Land For Sale Again; Developer Under Investigation
LACONIA – While there are fewer than 4,000 properties for sale in New Hampshire now, one big parcel just came back on the market Tuesday. And the former Laconia State School property is a total fixer upper with a history and now an investigation into the woman who won the $21.5 million bid to develop it, but failed to come up with the money by Monday’s deadline after three extensions.
No deal. Laconia buyer misses deadline, state is out $21.5 million.
In 2021, Gov. Chris Sununu rewrote state law to give himself the power to sell the beautiful but problematic 220-acre former Laconia State School campus, saying he’d succeed where others had failed. With just three votes from the Executive Council, Sununu was able to sidestep the typical lengthy state vetting process. Now Sununu’s plan has […] The post No deal. Laconia buyer misses deadline, state is out $21.5 million. appeared first on New Hampshire Bulletin.
No Closing On Laconia State School as Deadline Passes without the $21.5 Million
LACONIA – The state’s “put up or shut up date” to sell the former Laconia State School for $21.5 million has come and gone Monday without closing on the property after the developer missed several earlier deadlines.
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