The New London Day has been running a series about the taking of the Fort Trumbull neighborhood by the City. Ten years on, the neighborhood is a vacant wasteland. Nobody will build there.*
It turned out that Pfizer was behind the bulldozing of Fort Trumbull. Pfizer got a ten year tax abatement for building its headquarters there, but as soon as the tax abatement ran out, Pfizer, like the pirates that they are, moved out. They got their plunder and so they left. Pfizer later sold their building to Electric Boat, which itself got government money for the deal.
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* My guess is that it would be politically toxic to do so.
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Wednesday, June 24, 2015
4 comments:
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Oh, Electric Boat will be splendid custodians of the asset...google P. Takis Veliotis.
ReplyDeleteIs there any way to give the land back to the owners it was stolen from?
ReplyDeleteProbably not. The Ft. Trumbull neighborhood has been razed and a lot of what was there was pretty dumpy. The owners likely got paid well above fair market for their properties, especially after the shit began to hit the fan.
ReplyDeleteMs. Kelo lost and won all at the same time.
ReplyDelete