The state is close to selling the former Great Bay Community College campus in Stratham to Juliet Marine Systems, a Portsmouth-based defense contractor.
The 90-acre site and its 100,000-square-foot building would be sold to the company for $2.75 million. The Community College System of New Hampshire would finance the deal and repay the sale price to the state in three installments over the next three years.
The Legislature’s Long Range Capital Planning and Utilization Committee approved the deal yesterday on a unanimous voice vote. It still must be approved by the Executive Council.