Special Board of Aldermen 09-28-2020 Page 25
Street and DW Highway, big box stores and chain restaurants. | want it to be more so | think the question
is really important, it’s really can we not afford to invest in this type of endeavor. Thanks.
Chairman Dowd
Thank you very much. OK Director Cummings, we know you want to speak in favor of it.
Director Cummings
That’s good. Mr. Chairman | just thought maybe if | could | could read the letter that the School Street
Developer submitted. | have already forwarded it around to the members of the Board of Aldermen, but |
didn’t know if maybe you’d want me to read it for the minutes to incorporate into the minutes?
Chairman Dowd
Yes, go ahead.
Director Cummings
Thank you. Peter Flotz, Managing Partner of Lansing Melbourne sent a letter on August 10", 2020 and he
starts out,
“Dear Members of the Board of Aldermen, | first wrote a letter for the Nashua Performing Center in the
summer of 2008. | have enclosed it for your review because | believe then, as | do now, that a Performing
Arts Center is a good strategic investment that will improve the Greater Nashua Community. As a real
estate developer, where | put my own money into a deal and take the associated risk, | look at communities
where | see the community investing in itself. | am very selective as to where | will do a project and | am
asked all the time by various communities to look at deals and projects. More often than not, | turn them
down. One of the reasons | originally chose to work with the City of Nashua is because | heard about the
idea of a Performing Arts Center being established in Nashua’s downtown.
Fast forward to today, | understand there is a gap in the total project cost for the Performing Arts Center.
And relative to the project | am involved with on School Street and a concern has arisen about a loss of
parking spaces, | would be happy to pursue a School Street Project without the parking supplied on-site but
if Nashua would like to see parking on the first floor, | would be happy to incorporate this concept into the
proposal. It would be my request that you pay for these public parking spaces through a TIF and if you are
going to do a TIF you should incorporate the Performing Arts Center project into the TIF District, that way
this project can move forward as well and the future tax dollars of this project can help close the project
gap and can help the project pay the difference. Thank you for your time and | continue to look forward to
working with the City of Nashua on improving the downtown for everyone’s shared mutual benefit. Signed,
309
Sincerely, Peter Flotz”.
Chairman Dowd
Thank you, Director Cummings. Is there anyone else that would like to speak in favor of R-20-071. | don’t
see anybody with their hands up on the list. Anyone who wants to speak, please speak up.
James Tobin_ I'd like to speak if | may, Mr. Chair.
Chairman Dowd
Yes, OK, go ahead.
