Work on the first building on the former fairgrounds property could begin within the next three to four years, said Jamie Greene, principal of planning NEXT, the firm tasked with developing a vision for the site has said. The fairgrounds is expected to take around 10 to 15 years to be completely redeveloped, Greene said. The current project is slated to have three phases of construction.
UD and Premier each paid $5.25 million of the $15 million purchase price of the fairgrounds.
“With his development experience, (LaChance) also knows what it will take to achieve that success and is excited to take on the challenge of making this ambitious vision a reality,” UD president Eric Spina said in a prepared statement.
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