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Old 09-15-2015, 05:38 PM
 
174 posts, read 172,573 times
Reputation: 180

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Quote:
Originally Posted by Mike 75 View Post
This is clearly a ridiculous proposal. What a great way to attract businesses to Hartford.

Hartford councilwoman wants businesses, state to contribute to c - WFSB 3 Connecticut
This irresponsible, shortsightedness is common throughout CT's cities, and is why I am increasingly becoming fed up with the politics in this state. More often than not, proposals as ridiculous as this come too close to becoming reality. This trend has to be stopped, or CT will continue the high expense, anti-business climate until we're another struggling rust belt state. People WILL leave. And in droves. If that happens, can you blame them?
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Old 09-15-2015, 06:55 PM
 
Location: Northeast states
14,045 posts, read 13,917,236 times
Reputation: 5188
Hartford's CityPlace I Bought By Boston Investors - Hartford Courant
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Old 09-15-2015, 06:59 PM
 
Location: Northeast states
14,045 posts, read 13,917,236 times
Reputation: 5188
HARTFORD — The federal and state governments plan to spend $900,000 to study ways to encourage residential and commercial development along the Hartford Line commuter rail route, Gov. Dannel P. Malloy announced Tuesday.
The Federal Transit Administration is providing a $700,000 grant, and the state will put up $200,000, Malloy said.


The study will focus on opportunities for so-called transit-oriented development near the stations planned for West Hartford, Enfield, Windsor, Windsor Locks, Newington and North Haven. It will examine ways to generate affordable housing and mixed-use development while also increasing ridership.
"The significant interest in new development around our CTfastrak bus stations is what we're hoping to — and going to — replicate around the Hartford Line, because the same potential exists to connect people, their employers, and their communities," Malloy said in a statement.
The news drew bipartisan praise from state lawmakers in Enfield, one of the communities banking heavily on the train line to generate economic development.




The state has been working for years to create a high-frequency commuter rail service on Amtrak's rail bed, which runs roughly parallel to I-91 between New Haven and Springfield. The goal is to provide something close to the heavily used Metro-North service in New Haven and Fairfield counties.
"As a result of the expanded passenger rail service provided by the new rail service, we anticipate TOD projects in many towns along the 62-mile rail corridor," Transportation Commissioner James Redeker said in a statement.
State Rep. David Alexander, D-Enfield, praised Malloy and the state's congressional delegation for securing the federal aid.
"As someone who believes that creating a commuter line along the I-91 corridor must include Enfield, this grant represents another important investment in support of the Hartford Line," Alexander said. "Including Enfield in advancing transit-oriented development is good news for our community and the region."
State Sen. John Kissel, R-Enfield, said the Hartford Line offers opportunities in Windsor, Windsor Locks and Enfield.
"Growing responsibly requires proper planning, and these funds will help to ensure that we grow north-central Connecticut's infrastructure in a coordinated way," Kissel said. "There is tremendous potential here to boost job creation throughout our region, and I thank our entire Connecticut Congressional delegation and the governor for their continuing work on this."




Still unknown is when trains will start running or how much the system will cost. Malloy's administration has planned to launch service at the end of 2016; in conjunction with Amtrak, the DOT would use about $470 million in federal and state money to modernize signals, upgrade bridges and add a second set of tracks along most of the route.
But a rift between Connecticut and Amtrak has stalled construction and led to a forecast for more than $170 million in overruns. Malloy met with senior federal transportation officials, Amtrak administrators and the state's Congressional delegation last week to try to get the project back on course.

http://www.courant.com/news/connecti...navtype=outfit
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Old 09-16-2015, 07:30 AM
 
3,435 posts, read 3,941,124 times
Reputation: 1763
Quote:
Originally Posted by NedSage58 View Post
This irresponsible, shortsightedness is common throughout CT's cities, and is why I am increasingly becoming fed up with the politics in this state. More often than not, proposals as ridiculous as this come too close to becoming reality. This trend has to be stopped, or CT will continue the high expense, anti-business climate until we're another struggling rust belt state. People WILL leave. And in droves. If that happens, can you blame them?
Agreed. Although I think this attitude is particularly worse in Hartford. Segarra blames the state for the city's crime increase due to funding cuts, yet none of the other major cities are experiencing the increase in homicides that Hartford is.
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Old 09-29-2015, 08:12 PM
 
Location: USA
2,753 posts, read 3,309,672 times
Reputation: 2192
http://www.courant.com/business/hc-p...929-story.html

Looks like Phoenix Mutual is keeping its headquarters in Hartford which is great since many large companies are talking about leaving.
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Old 09-30-2015, 07:57 AM
 
Location: Connecticut
34,916 posts, read 56,893,272 times
Reputation: 11219
Looks like The Hartford Club has been saved. Some prominent members stepped up and bought their troubled mortgage. Hopefully now it can thrive. Jay

Members, investors buy Hartford Club out of foreclosure | HartfordBusiness.com
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Old 10-08-2015, 12:17 PM
 
Location: Connecticut
34,916 posts, read 56,893,272 times
Reputation: 11219
Even with all the new apartments being built in and around downtown, Hartford still has one of the tightest apartment rental markets in the country. I would think this means even more new construction which is good. Jay

Greater Hartford apartment occupancy among highest in nation | HartfordBusiness.com
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Old 10-08-2015, 12:24 PM
 
Location: USA
2,753 posts, read 3,309,672 times
Reputation: 2192
Quote:
Originally Posted by JayCT View Post
Even with all the new apartments being built in and around downtown, Hartford still has one of the tightest apartment rental markets in the country. I would think this means even more new construction which is good. Jay

Greater Hartford apartment occupancy among highest in nation | HartfordBusiness.com
Hopefully Northland (who built Hartford 21) would reconsider building a new tower similar to Hartford 21. They were planning to build another tower but the economic crisis back in 2008 put it on hold then eventually cancelled.
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Old 10-08-2015, 12:35 PM
 
453 posts, read 530,504 times
Reputation: 287
Quote:
Originally Posted by JayCT View Post
Even with all the new apartments being built in and around downtown, Hartford still has one of the tightest apartment rental markets in the country. I would think this means even more new construction which is good. Jay

Greater Hartford apartment occupancy among highest in nation | HartfordBusiness.com
From the article:

Quote:
The Greater Hartford market is among the top 25 in apartment occupancy a new study shows. It is tied for 12th with a 95.9 occupancy rate. It's a slight decrease from the second quarter. The Greater Hartford market includes the Capital City, East Hartford and West Hartford.
This article is not specifically for downtown so it's tough to draw any conclusions about the downtown market.
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Old 10-08-2015, 12:46 PM
 
453 posts, read 530,504 times
Reputation: 287
Sigh. I'm really not trying to hate on Hartford, but where's the accountability for the 4 MILLION dollars that the stadium is currently overbudget by? The grandstand roof is being cut at a cost of $305,000. Where's the other money? The article says it's from bids coming in higher than expected, but I call BS.

A Grandstand Roof Is Nixed As City Tallies Yard Goats Stadium Cost Overruns - Hartford Courant

Bets on this actually being open on April 7? Winter is fast approaching.
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