DerryNews.com, Derry, New Hampshire

Londonderry

October 24, 2013

Londonderry TIF plan presented

(Continued)

Council agreed Pettengill holds a lot of potential.

“We’re trying to bring in more revenue,” Town Councilor Jim Butler said. “We have to look outside the box. Success comes with some risk. We’re not the frontrunner here. (If we don’t) do something like this, we’ll continue to take a back seat.”

Town Manager Kevin Smith said surrounding communities are reaping the economic rewards of bringing new businesses in because they have the right plan in place. Some of these businesses might have considered Londonderry.

“The longer we wait, the more opportunities we’ll miss out on,” he said.

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