Waterfront Committee to vote on land agreement with developer at Tuesday meeting

posted on: 9/20/2019

When the Cochecho Waterfront Development Advisory Committee (CWDAC) meets for its next regular meeting on Tuesday, Sept. 24, it will review and vote on the land disposition and development agreement between the City of Dover and Cathartes, the firm selected to develop the city's 29-acre waterfront parcel. The meeting will be held at 5:30 p.m. in Room 305 at the McConnell Center.

The land disposition and development agreement follows the approval of a term sheet by CWDAC and the City Council earlier this year. The term sheet spells out the parameters of the the proposed project, including the sale of the property to Cathartes for $3,372,500; 500,000 square feet of mixed-use development consisting of residential, retail, office, restaurant and hotel space; and site plan approval to begin by the end of 2019. As part of the agreed upon terms, the City of Dover earmarked $6.6 million in Tax Increment Financing funding to complete public improvements including bluff excavation, site grading, shoreline stabilization, a waterfront park, streets and public utilities.

The land disposition and development agreement will finalize the terms of the agreement between the City of Dover and Cathartes. The proposed agreement before CWDAC on Tuesday, Sept. 24, can be viewed here.

For more information, contact the Planning Department at 603-516-6008 or visit the Cochecho Waterfront Development online resource at https://www.dover.nh.gov/government/city-operations/planning/cochecho-waterfront-development/index.html.

To stay up to date on the waterfront project, sign up for the Cochecho Waterfront Development Advisory Committee newsletter here.