HOTEL DEVELOPMENT UPDATE
Construction on the Hampton Inn across from Oxford Casino, in Oxford, Maine, hasn’t quite started out with the urgency some might like to see but, selectmen continue to be optimistic that developers would meet an April deadline. A lot improvements depend on this project. The town’s credit enhancement agreement with Thurlow Family LLC, is seen as a catalyst to spur development along Route 26, enables developers to retain a section of the property taxes generated as a result of the development in a special account to reimburse it for specific infrastructure projects. Selectmen waived the first deadline and are unsure if developers will meet the second.
At the recent selectmen meeting, Joe Casalinova, president of Casalinova Development Group, the Oxford company that has been shepherding the hotel project, told town officials that the final specifications are likely to be submitted by the end of the month. Groundbreaking on a the 91-room hotel began last March, though it appears construction has yet to begin.
At that same meeting, Casalinova also submitted a preliminary site plan outlining more details in a “master plan” to develop some 550 acres surrounding the casino. In addition to the hotel project, developers are looking to build a resort with shopping, at least one restaurant and amenities in a cluster of eight unique “villages” not unlike the shopping outlet at North Conway, N.H.
That’s all for now.