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April 16, 2011
United Church of Penacook
East Street and Community Drive
Penacook, NH
PVA Forum
Word Version
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Attendees: 50+ Penacook residents
Topic: Location of a local grocery store
Featured speakers: David and Laurie Rauseo, Developers and owners of Concord Sports Center
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Development Details
- Property to be developed located on Whitney Road, near Rt 4 and Rt 93, Exit 17
- Rezoned urban commercial
- Proposing a grocery store 26,000 square feet (similar in size to Storrs Street Market Basket)
- Other smaller retail spaces being considered
- Covenant on property restricts businesses over 8,000 square feet
- Wetlands permit completed; timeline dependent on revision of covenant by City Council
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Concerns, issues and comments:
- Previous attempts to attract grocery chains to Tannery site and Fisherville Road
- Low traffic volume (6,000 on East Street vs. 20,000 on Rt 4)
- Recession
- Affect of Exit 17 development on downtown area
- Positive, negative
- Unintended consequences
- Tax benefit
- Benefits to residents including shorter travel
- Development group DEW Construction
- Exploring retail, office and residential possibilities for Tannery site
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More Concerns, issues and comments:
- City has applied for a $600,000 grant to clean the 1,000 tons of chromium contaminating soil at Tannery site
- Look for other ways to revitalize downtown Penacook without relying on a grocery store in the center of the village
- Bus transportation from Penacook locations to Exit 17 needed
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Additional Information:
-
Supermarket Flyer with Contact information for the Mayor and City Council Members.
- Summary some specific Property Tax Benefit information
- Total 2010 Annual Property Tax Assessed by Concord for 62 acres of land near Whitney Road and I-93 = $148.86 per year (this land is in Current Use).
- Anticipated assessment value of future commercial and industrial development on these 52 acres is expected to total over $22,000,000; paying over $400,000 in annual property taxes to Penacook, which represents 7.2% of the total Penacook equalized valuation.
- Anticipated Supermarket, filling station, and near term abutting commercial development is expected to pay over $230,000 in annual property taxes to Penacook.
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