Uncovered the REAL story about the sale of Alton
Posted: Wed Jul 21, 2004 9:24 pm
Was searching the archives of The Union Leader and came across this article:
<CENTER><BIG><STRONG>Speedway Owner Buys Former Camp in Alton for $2.45M <IMG SRC="http://www.campalton.com/smilies/frown.gif" BORDER=0 ALT=":("> </CENTER></BIG></STRONG>
BYLINE: ROGER AMSDEN Union Leader Correspondent
DATE: January 25, 1995
PUBLICATION: Union Leader, The (Manchester, NH)
EDITION: State
PAGE: A4
ALTON - A 60-acre former summer camp with 4,000 feet of frontage on Lake Winnipesaukee was purchased for $2.45 million by the owner of New Hampshire International Speedway in Loudon.
Bob Bahre said that he intends to build homes on the property for himself and his son, Gary, who is president of the Speedway. The property, until late last year, had been eyed as a possible state park site.
Bahre said that he is working to develop subdivision plans which he will bring before the Alton Planning Board next month. He said he is hopeful that he will be able to finish the homes for himself and his son this summer.
He said that he became interested in the property last summer and put up $150,000 for an option which would be exercised if a plan to buy the area and make it part of the state park system did not come to fruition.
''I've been looking for a place to build for some time,'' said Bahre, who lives in Paris, Maine, in the former home of Vice President Hannibal Hamlin.
Bahre said the homes he plans will only be 20 miles from the speedway and will be his primary residence during the racing season at NHIS.
He said that the 60 acres will be subdivided into 14 or 15 lots, each with lake frontage, and that he intends to retain the tennis courts and a polo field as amenities for those who will live within the development.
Bahre said that the $150,000 option fee went to pay the expenses of the Trust for Public Lands, which had an option to buy the property for $2.5 million. The option expired in November.
The TPL had tried to devise a plan for public use of the property and at one time the town of Alton was considering becoming a partner in the purchase. That plan called for the town to pay $500,000 for some five acres of land and a 400-foot sandy beach contingent upon state acquisition of the rest of the property.
A committee charged with investigating the purchase unanimously recommended against proceeding with the purchase last November, citing the expense to acquiring and manage the property.
An anonymous donor had offered to put up as much as $1 million toward the purchase last summer, but with the stipulation that the camp become part of the state park system.
<SMALL><EM>Copyright 1995, 2002 Union Leader Corp.
The information on this site is copyrighted and cannot be reused
without the permission of The Union Leader.</SMALL></EM>
The article says it all!!!
gms@pipeline.com
<CENTER><BIG><STRONG>Speedway Owner Buys Former Camp in Alton for $2.45M <IMG SRC="http://www.campalton.com/smilies/frown.gif" BORDER=0 ALT=":("> </CENTER></BIG></STRONG>
BYLINE: ROGER AMSDEN Union Leader Correspondent
DATE: January 25, 1995
PUBLICATION: Union Leader, The (Manchester, NH)
EDITION: State
PAGE: A4
ALTON - A 60-acre former summer camp with 4,000 feet of frontage on Lake Winnipesaukee was purchased for $2.45 million by the owner of New Hampshire International Speedway in Loudon.
Bob Bahre said that he intends to build homes on the property for himself and his son, Gary, who is president of the Speedway. The property, until late last year, had been eyed as a possible state park site.
Bahre said that he is working to develop subdivision plans which he will bring before the Alton Planning Board next month. He said he is hopeful that he will be able to finish the homes for himself and his son this summer.
He said that he became interested in the property last summer and put up $150,000 for an option which would be exercised if a plan to buy the area and make it part of the state park system did not come to fruition.
''I've been looking for a place to build for some time,'' said Bahre, who lives in Paris, Maine, in the former home of Vice President Hannibal Hamlin.
Bahre said the homes he plans will only be 20 miles from the speedway and will be his primary residence during the racing season at NHIS.
He said that the 60 acres will be subdivided into 14 or 15 lots, each with lake frontage, and that he intends to retain the tennis courts and a polo field as amenities for those who will live within the development.
Bahre said that the $150,000 option fee went to pay the expenses of the Trust for Public Lands, which had an option to buy the property for $2.5 million. The option expired in November.
The TPL had tried to devise a plan for public use of the property and at one time the town of Alton was considering becoming a partner in the purchase. That plan called for the town to pay $500,000 for some five acres of land and a 400-foot sandy beach contingent upon state acquisition of the rest of the property.
A committee charged with investigating the purchase unanimously recommended against proceeding with the purchase last November, citing the expense to acquiring and manage the property.
An anonymous donor had offered to put up as much as $1 million toward the purchase last summer, but with the stipulation that the camp become part of the state park system.
<SMALL><EM>Copyright 1995, 2002 Union Leader Corp.
The information on this site is copyrighted and cannot be reused
without the permission of The Union Leader.</SMALL></EM>
The article says it all!!!
gms@pipeline.com