Pease board hears $42M ballpark for Market Street Terminal dredging, agrees to study mooring allocations

Board staff told the Pease Development Authority that work on the Market Street Terminal rehabilitation continues and that estimates for dredge analysis and bid services have been accepted by the New Hampshire Department of Transportation for review. If DOT approves the materials, staff said a notice to proceed would follow and the target window to go to bid is March–April 2025.

During discussion a ballpark figure of $42,000,000 was cited for the project. Staff cautioned that this was a high-level estimate and that the final procurement and bidding process will set the contract value. Board members noted mixed contractor interest across projects and stressed the importance of thorough bid documents; one project had 11 contractors at a pre-bid meeting while another previously received a single bid.

The board also reviewed Rye Harbor planning: staff described an upcoming comprehensive assessment (request for qualifications/proposals) that will examine environmental conditions, utilities, stormwater, EDA compliance, sea-level and wetland impacts, a 2022 parking study update, GPS mapping and robust stakeholder outreach. The study will inform any subsequent design and procurement steps.

Separately, staff reported FEMA distributions moving from federal to state for completed seawall repair work (about $71,000 scheduled to arrive) and described a completed gangway scheduled for winter storage.

Board members asked for a future briefing on procurement and financial scenarios and agreed to return to the board with additional detail in advance of any procurement deadline.