Developer Les Otten recently testified in support of Northern Pass at the New Hampshire Site Evaluation Committee public information session in Coös County. In his remarks, he spoke not only about his proposed redevelopment of The Balsams Resort in Dixville and the opportunities this will bring to the North Country economy, but also about the economic and clean energy benefits that Northern Pass offers to New Hampshire. Otten is a strong supporter of renewable energy, having a wood pellet business among his portfolio of ventures. He believes the Northern Pass is a critical source of affordable, low-carbon energy that will help move our region toward our clean energy goals, while also bringing jobs and economic activity to communities along the route.
We at Northern Pass also want to see an economic revival in the North Country and believe it’s critical that The Balsams redevelopment stay on schedule. That’s why we’re pleased to advance $2 million from the Forward New Hampshire Fund to ensure that the project breaks ground this summer. The plans for The Balsams are precisely what we envisioned when we set the goals for the Forward New Hampshire Fund.
The Forward New Hampshire Fund is a cornerstone of the Forward New Hampshire Plan, announced by Northern Pass last August. The $200 million we have committed to this Fund is aimed at supporting economic development, community betterment, tourism, and clean energy initiatives in the cities and towns along the route, especially those in the North Country. There is perhaps no single effort at this time that supports these goals more than the current plans to redevelop The Balsams and return it to a world class destination resort. Like Northern Pass, The Balsams redevelopment has the opportunity to be transformative for the North Country, bringing jobs, economic development and injecting a much needed boost into the area’s tourism industry.
The Northern Pass has already supported several key initiatives aimed at supporting New Hampshire communities and the environment, including the Coos County Job Creation Association, the Morse Mountain cell tower, and the Partners for New Hampshire Fish and Wildlife. Northern Pass and The Balsams both present significant opportunities for Coös County, the state, and beyond. We’re pleased to support the redevelopment of this North Country showpiece.