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Mar 17, 2017 7:09 PM

Pease approves lease for construction of new helicopter facility

PORTSMOUTH — The Pease Development Authority's Board of Directors has approved a lease with Seacoast Helicopters to allow them to build their own new facility.

Seacoastonline reports that the board voted in favor on Thursday to allow Seacoast Helicopters to build a 9,600 square-foot-facility on land off of 53 Exeter Street. The facility will house it's offices, flight school and aircraft.

They also plan to build a road at their own expense from Exeter Street to the 2.65 acre parcel, which is located next to Hangar 229.

The project is estimated to cost roughly $1.7 million as the company plans to hire 20 more employees in the next 3 or 4 years.

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