LONDONDERRY — Many officials and residents still have high hopes for the Pettingill Road project.
That hope could come in the form of federal funding to help support the 1,000-acre project that’s been on the town’s radar for more than a decade.
The town announced last week that an application was submitted for a potential $8.2 million in federal transportation funds from the economic-recovery program Transportation Investment Generating Economic Recovery, or TIGER, to support the Pettingill project.
The town is asking for 100 percent funding, but admit fulfillment of such a request would be rare.
Acting Town Manager William Hart said it was time for a big push to find support.
“The Town Council has made it clear in discussion about economic development that finding the funding for the construction of Pettingill Road is job one,” Hart said. “With this direction, we made a full-court press to submit a sound and compelling application. We are convinced that the project’s readiness and huge job impacts should make it competitive.”
That job impact could bring up to 10,000 jobs if Pettingill is developed.
Many call the land near the Manchester-Boston Regional Airport a perfect place to attract new business and help the town grow.
It’s also strategically located to support not only the business in and out of the airport, but future commercial and industrial uses that could bring a boom to the town.
Hart said the town’s effort to secure funding was endorsed by the New Hampshire Department of Transportation, Southern NH Planning Commission and several major businesses. Legislators also support the plan.
Russ Thibeault of Applied Economic Research was contracted to conduct studies of Pettingill and spoke to town councilors earlier this year. He said if developed, Pettingill would help Londonderry reap many benefits, especially financially.