A $12 million to $13 million investment in infrastructure could pay for itself within a year, assuming Pettengill saw 500,000 square feet of commercial and industrial development, Thibeault said.
The state would see $9 million to $10 million a year in business tax revenue once the area is built out, he told the governor.
Hassan said she is supporting Londonderry’s aid application.
“The governor’s office is fully behind that application,” she said. “We want to make sure everybody in Washington understands how important this project will be.”
Manchester-Boston Regional Airport officials want to see Pettengill developed.
J. Brian O’Neill, deputy airport director, said he came to the forum as a cheerleader.
“The airport is very excited about this project,” O’Neill said.
The airport sees business development around Pettengill as a way to regain passenger traffic.
“This is the next important thing for the airport,” O’Neill said.
Sen. Sharon Carson, R-Londonderry, said Londonderry and the state need Pettengill.
“We are starting to come out of a terrible recession and we need to look forward,” she said. “We just need jobs.”
Carson continues to work on her initiative, to create a state infrastructure bank that would assist towns like Londonderry with projects such as Pettengill.
Her proposal would provide a state match for town dollars to finance them.
Carson said the proposal is under study inthe New Hampshire House.
Hassan acknowledged Carson’s infrastructure proposal has “real potential.”
David Preece, executive director of the Southern New Hampshire Planning Commission, said expanding the commercial and industrial tax base would help communities and the region.
“To bring in jobs, we need infrastructure,” Preece said.
The session, which lasted less than an hour, was held at the Executive Health and Sports Center.
Jeffrey Rose, commissioner of the Department of Resources and Economic Development, attended, as did state lawmakers and Executive Councilor Chris Pappas.