Second Balsams State Bond Funding Bill Still in Play
SB30 could allow for $25 million in state backed bonds for development of the resort and ski area.
Thursday, February 26, 2015, NewEnglandSkiIndustry.com
While New Hampshire State Senate Bill 76, which reportedly could have provided $25 million in state backed bonds for the shuttered Balsams Grand Resort, has been killed, The Berlin Daily Sun reports Senate Bill 30 is still in play.
Under SB30, the Balsams could reportedly obtain $25 million in state guaranteed bonds for its $143 million phase one of development. Like SB76, SB30 was also introduced by Senator Jeff Woodburn (D-Dalton). The bill is currently in the Senate Public and Municipal Affairs Committee. SB76 was killed by a 5 to 0 Senate Finance Committee vote.