During a recent city council meeting, discussions centered around a proposed self-storage facility in a prime real estate area, raising questions about its economic viability and future land use. Council members expressed concerns regarding the minimal tax revenue and limited employment opportunities that such a facility would bring to the city. The economic development department had previously indicated that the project would yield only nominal economic growth.
The proposal hinges on an operating agreement established in 2001 between the Portsmouth Redevelopment and Housing Authority (PRHA) and Lowe's, which restricts certain uses of the land without mutual consent. While Lowe's has indicated it would not oppose the self-storage facility, the PRHA has yet to formally respond. The applicant is prepared to address the need for additional storage, noting that the proposed facility would be climate-controlled and potentially attract customers to the surrounding commercial area.
Concerns were raised about the long-term vision for the area, particularly in light of the nearby casino's influence on development. Council members questioned whether the city is better positioned to attract diverse businesses, such as hotels or restaurants, rather than more storage facilities. The economic development department suggested that the site could be better utilized for retail or hospitality, emphasizing the need for a comprehensive plan for the area.
The council also discussed the historical context of the land, which has remained largely undeveloped since 2001, despite various proposals over the years. Suggestions were made for PRHA to present its redevelopment efforts to the city council to provide a clearer picture of the land's potential and the challenges faced in attracting new businesses.
As the council deliberates on the self-storage proposal, the broader implications for the area's economic development and land use strategy remain a focal point of discussion.