Balsams resort sale in question
A deal by a trio of Maine investors to buy the 150-year-old Balsams Grand Resort in Dixville Notch, N.H., appears to be in jeopardy.
A spokesman for the resort's board of directors told Maine Public Broadcasting Network that it was very unlikely the deal would close this past Friday as expected. Tom Deans, the manager of a trust established by the resort's owners, said the board is still talking with the Maine investors but is also in talks with other people interested in buying the 7,700-acre resort, which is currently closed.
Last month, resort owner Tillotson Corp. announced three unnamed Maine investors would buy the hotel, after which Falmouth real estate investor James McCann stepped forward as one of the buyers. The group planned to spend $12 million to renovate the resort and reopen it next summer. Since 1960, the resort has been the site where ballots for presidential elections are cast just after midnight, making votes by Dixville Notch residents among the first to be cast, counted and reported nationally.
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