Real-time N.H. traffic updates
Facebook - City of Portsmouth

Feb 26, 2016 1:40 PM

Portsmouth agrees to pay $5.1 million for 1.2 acres to build city's 2nd parking garage

PORTSMOUTH - The city of Portsmouth has agreed to pay $5.1 million for 1.2 acres on Deer Street to Deer Street Associates (DSA) to build the city's second parking garage.

According to, an agreement that is under negotiation would require the city to build a new road leading into the parking garage, and also would require DSA to be paid a $600,000 deposit toward the property.

The agreement also states that if improvements have to be made, the city will pay 86 percent of improvement costs while DSA pays 14 percent. If the city ever decides to sell the parking garage and land, DSA would have the “right of first offer” to buy the property.

City Council is trying to reach a final agreement by their meeting on March 7.

--  Dealing with the Disease of Addiction? Click here for help --



Concord, NH
Broken Clouds 33°
12am 33°
1am 33°
2am 33°
3am 36°


N.H. DollarSaver


Friday, TBD - Health care bill pulled from House floor

Friday, 4:15 p.m. - Weather update with Meteorologist Ryan Breton



NH1 on Facebook

Download NH1 App

NH1 on Twitter

Check out NH1 News Rail Polls on LockerDome on LockerDome