The town of Nottingham has agreed to sell the land that once was destined to become the site of the controversial USA Springs water bottling plant, but the buyer has no interest in selling water.
Tom Moulton, CEO of Sleepnet Corp. and president of De Niro Construction – both in Hampton – plans to develop the 489-acre and perhaps to lease it out as a logistics center
Moulton agreed to buy the site for $900,000, about $100,000 less than is owed to the town when it seized the property in 2017 for back taxes from entities controlled by Francesco Rotondo, the owner of USA Springs.
Rotondo spent millions of dollars securing a permit to withdraw 300,000 gallons of groundwater a day with the intention of bottling it and selling it overseas. However, fierce community opposition delayed the project and drove up the cost. The plan lost its financial backers during the recession and filed for bankruptcy reorganization in…