New Hampshire
New Hampshire Senate Passes Balsams Bond Bill
New Hampshire Senate Passes Balsams Bond Bill
Bill now moves to the New Hampshire House.
Thursday, March 26, 2015,
According to WMUR's Escape Outside Facebook page, Senate Bill 30 passed today on a voice vote. The bill now goes to the House.

Filed by Senator Jeff Woodburn (D-Dalton), SB 30 would provide $25 million in state backed bonds of the $143 Phase 1 reopening of the Balsams Resort project, led by Les Otten. The $25 million figure was subsequently removed from the legislation. According to Senate President Chuck Morse, Otten is seeking $48 million public funding for the first phase. An estimated $25-$28 million would be backed by the State of New Hampshire with the passage of SB 30. Otten is reportedly contributing $1 million.

If funding is procured, construction could begin in June, with the intent of opening for the 2016-17 season.

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