Norwalk ‘Innovation District’ coming back to public hearing, possible vote

A view of West Avenue from the roof of The Berkeley on the corner of Maple Street and West Avenue and across the street from The Waypointe. The Berkeley and its sister building, Quincy Lofts, were built by Belpointe Capital.
NORWALK, Conn. – The proposal to create tax incentives for what was formerly known as an “Innovation District” may be voted on Tuesday.
Common Council members are holding a public hearing on the ordinance they have crafted for what is now called a Real Estate Tax Agreement, within specific boundaries in Norwalk Center. The agenda calls for them to “discuss and vote” on the drafted ordinance, which is connected to the Wall Street – West Avenue Neighborhood Plan.
The maximum amount of incentives to be offered is now $10 million, a total over a five-year period, Redevelopment Agency Executive Director Tim Sheehan said Jan. 15 at the Ordinance Committee meeting. That’s in comparison to the $15 million that was discussed as recently as August. Continue reading Norwalk ‘Innovation District’ coming back to public hearing, possible vote