In a recent government meeting focused on economic development in Hooksett, officials discussed the potential for a public-private partnership to enhance infrastructure at Exit 10, drawing on lessons learned from a similar project at Exit 11. Town Administrator Andre Garant emphasized the feasibility of such a partnership, contingent on thorough planning and agreement on the roles of both the town and private developers.

The conversation highlighted the importance of infrastructure improvements, particularly regarding sewer and water systems, which are critical for attracting businesses and supporting local growth. Garant noted that the previous project at Exit 11 involved a significant investment in infrastructure, with developers taking on the responsibility for certain costs. He indicated that a similar approach would be necessary for Exit 10, where the town would need to establish clear commitments from private sector partners regarding their contributions to the project.

A key point of discussion was the financial structure of the Tax Increment Financing (TIF) plan, which allows the town to capture increased tax revenues generated by new developments to fund infrastructure improvements. Garant clarified that while the town would initially cover a portion of the project costs, the expectation is that private businesses would also contribute, potentially reducing the town's financial burden.

The meeting also touched on the need for community engagement and support from local businesses. Officials acknowledged that securing backing from the business community would be crucial for the success of the TIF plan, which is set to be presented to voters in March. The outcome of this vote will determine the next steps for the proposed infrastructure improvements.

In conclusion, the discussions underscored the town's commitment to fostering economic development through strategic partnerships and infrastructure investment. As the town prepares for the upcoming vote, the collaboration between public and private sectors will be essential in realizing the potential benefits for the Hooksett community.