Steven Connolly: State shouldn’t be bailing out Balsams

To the editor:

If the media are to be believed, the Balsams bailout will begin in October.

There are some problems with this; the sense of urgency being one of them.

“There will have to be public hearings if they submit an application,” said James Key-Wallace of the Business Finance Authority, in response to my concerns that this $28 million state backed loan guarantee is just too risky.

To listen to developer Les Otten there is a groundswell of support across northern New Hampshire for this unprecedented real estate deal in Dixville Notch. It would be interesting if any of this can even be substantiated.

The state shouldn’t be doing this.

Steven Connolly