District Officials Discuss $10M Bond for Martins Ferry Sewer Pump Upgrade

The Hooksett Economic Development Advisory Committee convened on August 20, 2025, to discuss significant developments and future plans for the district. The meeting focused on the current financial assessments, infrastructure improvements, and potential funding opportunities.

The committee reported that the district currently holds an assessment value of approximately $206 million, generating around $3 million in revenue for the general fund. Notably, the tax captured value from recent improvements has increased this figure to $243 million, resulting in an additional $36 million in captured value. This increment translates to a potential bonding capacity of $2 million, based on a previous Warren article that proposed bonding up to $10 million, contingent on available increment funds.

A key topic of discussion was the planned upgrades to the Martins Ferry Sewer Pump Station. The proposed bond, leveraging $624,000 from the captured tax increment, aims to enhance the sewer infrastructure, including the installation of double-barrel lines beneath the Merrimack River to a pump station at Kimbell Drive. This project is seen as a continuation of past voter-approved initiatives, which have already improved access to sewer and water services for local residents.

The committee also explored the possibility of securing federal funding for infrastructure projects related to Exit 10. Despite previous attempts to obtain funding through direct spending initiatives from Senators Shaheen and Pappas, the committee faced stiff competition from other New Hampshire projects and was not awarded the necessary funds. They have also applied for state solid waste funds but have consistently ranked just outside the funding threshold.

Additionally, the committee discussed the importance of identifying eligible businesses within the district and assessing the age of septic systems connected to these properties. This information is crucial for determining focus areas for future infrastructure improvements.

In conclusion, the meeting highlighted the committee's ongoing efforts to enhance Hooksett's infrastructure and economic development through strategic planning and funding initiatives. The next steps will involve further collaboration with local businesses and continued pursuit of funding opportunities to support these vital projects.