Breaking: NH’s Property Developer/Political Laundromat Continues to Thrive:

by
Steve MacDonald

New Hampshire’s Executive Council will vote today on whether to launder tax dollars into the pocket of a well-heeled Republican donor.

This story is developing, but here are the basics from a reader.

 

Steve Duprey purchased a vacant building called Granite One in Concord for  about 2.9 million in June ’22. The parking garage was in horrible shape so it needed a new one.

The best place to build it is where the Attorney General’s office is, so we spend $1 million to tear down a building worth $ 4.8 million and now need to relocate the NH DOJ .

Duprey *offers* to lease the state his building for $3.5million/year for a 20 YEAR LEASE ($70M) or to sell it to the state for $15 Million.

The lease is a triple net lease which means the state pays all maintenance all repairs and all taxes in addition to rent.

 

Duprey is a wealthy former NH RNC Committeeman and a long-time RINO donor to suitable candidates (mostly Republicans, but he’s donated a few bucks to Dems like Dan Feltes and Andru Volinsky). And not all RINOs, if you care. But if the Executive Council approves any version of this plan, Steve Duprey will be rewarded for his commitment to the Granite State’s crony politics laundromat. Your tax dollars to donors through (in this case) what appears to be unnecessary and very expensive development.

And if this is all correct, and this story is still developing, the only winner, in my opinion, is Duprey.

 

Link added: https://patch.com/new-hampshire/concord-nh/duprey-acquires-brady-sullivan-holdings-granite-place-concord

 

Author

  • Steve MacDonald

    Steve is a long-time New Hampshire resident, blogger, and a member of the Board of directors of The 603 Alliance. He is the owner of Grok Media LLC and the Managing Editor of GraniteGrok.com, a former board member of the Republican Liberty Caucus of New Hampshire, and a past contributor to the Franklin Center for Public Policy.

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