Londonderry Development Could Provide $5 Million Tax Boost

Jul 01, 2013 No Comments by

With mixed reviews and concerns about the environmental and communal impacts, Woodmont Commons in Londonderry has been a hot topic at Planning Board meetings. During the last public hearing, advocates for the project discussed the fiscal impacts of the project. April Guilment, correspondent for the Union Leader, highlights the meeting.

LONDONDERRY— An analysis of Woodmont Commons, the 300-acre village community being proposed alongside Interstate 93, suggests the project could bring in annual tax revenues of more than $5 million once it reaches the 20-year buildout.

During the latest in a series of many public hearings, Lucy Gallo, principal with the Development Planning and Finance Group (DPFG), shared details of the project’s recently completed fiscal impact analysis during Wednesday night’s Londonderry Planning Board meeting.

Attorney Ari Pollack, who represents project developers Pillsbury Realty Development, LLC, said the development team would be back before the Planning Board on July 10.

During next month’s meeting, the developers plan on discussing the site’s development standards, and Pollack said he’s hoping “to have some action taken that night.”

Read the rest of the story here.

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About the author

Jacklynn has been a resident in Londonderry since the age of 5. She grew up in a quiet neighborhood and went through the great school system. She has fond memories of bike riding through town in the spring and summer, sledding in the winter, and apple and pumpkin picking in the fall. She now has children of her own and looks forward to raising them in the same town she enjoyed so much as a youth.
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