Apartment project at Fort Trumbull: Will it happen?
“Careful readers might remember Mayor Finizio’s apology for the eminent domain sins of the New London Development Corp., which he issued in February 2012, back when he announced a name change and new management for the agency he had promised on the campaign trail to eliminate.
Finizio said in early 2012 that the management change for the newly christened Renaissance City Development Association would occur by the end of that year, along with a groundbreaking for the agency’s proposed apartment project at Fort Trumbull, Village on the Thames.
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The trouble was the file, which contained no recent correspondence at all from the developer, seemed remarkably empty. I was told a lot of the communication occurs by telephone, hence no paperwork. It looked to me like Disclosure Light.
When I asked for specific things mentioned in the agreements, like the developer’s business plan for the project or evidence of financing, like a commitment letter from a bank, a pretty typical disclosure before any closing, I was turned down.
There was also no communication in the file from the state, even though a deputy commissioner signed the project extension in January. Do they only do business by phone, too?”
Collins, David. The Day 17 April 2013.
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