Legacy at Laconia Unveils an Opportunity Zone Fund for an Innovative, Inclusive Village to Drive Economic Growth and Accessibility in Laconia, New Hampshire

The Fund is launching a $40,000,000 Series A Round.

LACONIA, N.H., June 14, 2023 /PRNewswire-PRWeb/ -- Legacy at Laconia Unveils an Opportunity Zone Fund for an Innovative, Inclusive Village to Drive Economic Growth and Accessibility in Laconia, New Hampshire. Legacy at Laconia proudly announces it has created an Opportunity Zone fund for its visionary project: a self-sustaining village nestled in the heart of Laconia, designed to enrich the community while providing a boost to the local economy. This Qualified Opportunity Zone Fund aims to create a destination location, generate jobs, increase tax revenues, and address the state's housing shortage, all while promoting universal accessibility and inclusivity.

Spanning a diverse range of offerings, Legacy at Laconia addresses the pressing need for housing at all income levels and age groups. The development will feature 65 entry-level homes and duplexes. Complementing this, the project includes 320 dedicated workforce apartments, 144 condominiums, 62 townhomes, and 90 independent senior living homes, catering to a variety of price points. Furthermore, Legacy at Laconia will provide 105 assisted care and memory units, a crucial resource that has been lacking in availability and affordability for the middle market.

By spearheading this ambitious project, Legacy at Laconia is poised to transform the economic landscape of the City of Laconia. With an estimated annual property tax increase conservatively ranging from $22 million to $24.4 million, the development will significantly augment the tax base, providing vital resources for the city's infrastructure and services. Moreover, the introduction of 500 new permanent jobs across entry-level to professional tiers will invigorate the local workforce, driving economic growth and fostering prosperity for Laconia's residents.

The Legacy at Laconia development is a catalyst for change. The property, which is being purchased from the State of New Hampshire has sat mostly idle and neglected for three decades. Legacy will demolish most of the existing buildings, renovate the ones it can and build a new resort hotel, homes for purchase and rent, senior living facilities, a retail center, and public space vastly improving a blighted area. Its world-class resort will embrace universal design and barrier-free accessibility. By providing a comfortable and inclusive environment for individuals from all walks of life, including those with disabilities, Legacy at Laconia aims to enhance Laconia's reputation as a premier vacation destination. With open spaces, park-like settings for public recreation, and an entertainment venue for the community, the village invites visitors and locals alike to enjoy unforgettable experiences.

"The Legacy at Laconia project is a testament to our commitment to building a thriving, inclusive community that caters to the diverse needs of our residents and visitors," said Robynne Alexander, Fund Manager at Infinite Equities Group LLC. "By merging economic growth with accessible design, we are creating a one-of-a-kind destination that sets new standards for universal accessibility and sets a precedent for sustainable development."

Legacy at Laconia is excited to embark on this groundbreaking venture that will redefine the city's landscape, invigorate the economy, and provide an unmatched experience for residents, visitors, and businesses. Together with the City of Laconia, Legacy at Laconia is proud to contribute to the continued growth and prosperity of the community.

Please visit our website at https://www.LegacyAtLaconia.com.

Fund Contact
Robynne Alexander - Fund Manager
Legacy at Laconia
Phone: (603) 851-2856
Email: [email protected]

Media Contact:
Scott Tranchemontagne
Montagne Powers
Phone: (603) 540-4380
Email: [email protected]

DISCLAIMER:
Articles featured on this website are for informational purposes only. This is not an offer to sell nor a solicitation to buy Legacy At Laconia Fund, LLC. That can only be done by our current Confidential Private Placement Memorandum ("CPPM"). Securities offered by Legacy At Laconica Fund, LLC. For accredited Investors only. Limited liquidity. The shares being sold in this offering have not been approved or disapproved by the Securities and Exchange Commission or any state's securities division. Nor has the Securities and Exchange Commission or any state securities department passed upon the accuracy or adequacy of the CPPM, or the disclosures provided therein. Any representation to the contrary is a criminal offense. The information contained in this website is for general information purposes only.

The information is provided by Legacy At Laconia Fund, LLC and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is strictly at your own risk.

Media Contact

Mark Politi, Eazy Do It, Inc., 1 310-299-6690, mark@eazydoit.com

SOURCE Legacy at Laconia