Peter Bartash leads public private partnership for Hackett Hill Road development

During a recent meeting of the Hooksett Economic Development Advisory Committee, members discussed a significant public-private partnership that has emerged in the area. This partnership, spearheaded by Peter Bartash, has led to the approval of a substantial 500,000 square foot building project located on Hackett Hill Road, adjacent to Chucksters.

The urgency of the project was highlighted by the decision to proceed without waiting for the town's sewer infrastructure improvements. To facilitate this, the developers invested $7 million upfront to coordinate construction, demonstrating a proactive approach to economic development in Hooksett. This initiative is notable as it represents one of the first instances of such a partnership in New Hampshire, setting a potential model for future collaborations between the public sector and private businesses.

Committee members emphasized the importance of clearly communicating the incentives associated with this partnership, including interest rates and other financial terms. A one-page outline was proposed to help engage local businesses and stakeholders, ensuring they understand the benefits and opportunities available through this agreement.

Additionally, the discussion touched on the potential for businesses involved in this partnership to qualify for bonus depreciation, which could further enhance the attractiveness of investing in Hooksett.

As the committee continues to refine its approach, the successful execution of this partnership could pave the way for similar projects in the future, ultimately contributing to the economic growth and development of the Hooksett community. The next steps will involve creating informational materials to share with local businesses and stakeholders, fostering a collaborative environment for economic advancement.