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Enterprise Zone expansion moves to Norwalk Council for a vote
NORWALK, Conn. — The Common Council is set to vote on the proposed expansion of Norwalk’s Enterprise Zone into the West Avenue-Wall Street area, as on Tuesday the Ordinance Committee voted 6-1-0 to move it forward. Council member Tom Livingston (D-District E) took care to make it clear that “POKO,” aka Wall Street Place, would…
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Norwalk’s Ordinance Committee hears plans for expanding Enterprise Zone
NORWALK, Conn. — Norwalk’s Ordinance Committee will be working on updating its statutes to allow for expanding the city’s Enterprise Zone from South Norwalk to the West Avenue-Wall Street area. Norwalk Chief of Economic and Community Development Jessica Casey presented a look back at how the current Enterprise Zone has worked as well as why…
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Norwalk Council moves Enterprise Zone expansion forward
NORWALK, Conn. — Norwalk is resuming its push to expand its Enterprise Zone from SoNo to the Wall Street-West Avenue area. City officials say it’s needed more than ever, given the economic devastation brought on by COVID-19. “We are in a situation right now, where we have an economic downturn of huge proportions,” Mayor Harry…
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Opinion: Explaining the Enterprise Zone proposal
At 7 p.m. Thursday, the Planning Committee of the Common Council will be holding a public hearing on an economic development tool that is often misunderstood: Enterprise Zones. Norwalk is one of 17 communities in Connecticut that offer an Enterprise Zone Program, and locally, it encompasses the South Norwalk neighborhood. We have proposed expanding the…
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‘Rolling opening’ continues at SoNo Collection; potential ‘tools’ for West Avenue-Wall Street discussed
NORWALK, Conn. – Since the SoNo Collection officially launched in October, about half of its tenants have opened for business, with an additional 15 percent expected to open their doors in the next six weeks, according to Brookfield Properties representatives. Paul Madden, director of design for Brookfield Properties, along with Attorney William Hennessey, who represented the company…
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Norwalk looks to economic development tools for Wall-West
Story corrected at 2:37 p.m. to clarify the earlier Enterprise Zone recipients. NORWALK, Conn. – Jessica Casey would like to expand Norwalk’s Enterprise Zone. She’s also promoting “TIF,” an idea Mayor Harry Rilling was floating four years ago. “We’ve been out talking to a lot of people and these programs, really are a response to…
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Sweitzer explains Enterprise Zone tax abatements; not a tax ‘credit’
Correction, 12:37 p.m. Wednesday: Department of Economic and Community Development. Clarification on LIHTC. NORWALK, Conn. – There have been three Enterprise Zone beneficiaries during the Rilling administration, Mayor Harry Rilling said last week. Rilling was responding to Republican-endorsed Mayoral candidate Lisa Brinton, who repeatedly criticizes tax breaks, saying at the League of Women Voters’ mayoral…
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Norwalk Council roundup: Grasso paving; appointments; new schools; and Enterprise Zone
NORWALK, Conn. — The Common Council has a few items on its plate: Mushak among a slew of appointments, but not for the Bike/Walk Commission Grasso slated for additional $1 million in paving work Council set to award school architectural contracts Committee considering Enterprise Zone tax incentives
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Norwalk Council members consider tax incentives for developers
Updated, 11:17 p.m. July 17: PDF added. NORWALK, Conn. – Buildings are going up, others are planned, but if you look at the big picture development has been stagnant, Common Council Planning Committee Chairman John Kydes (D-District C) said. “There’s so much left on the table and I don’t see anyone stepping up to do…
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Norwalk weighs in on proposed SoNo Collection
NORWALK, Conn. — Time to reverse that old Norwalk paradigm, according to Patsy Brescia. “I like to think that we are going to become that jelly in the doughnut. We are going to have a wonderful jelly doughnut and the rest of Fairfield County is going to be quite jealous of us,” Brescia said Tuesday…
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GGP-backed study paints rosy financial picture for mall; city wants bigger tax bite up front
NORWALK, Conn. – The SoNo Collection will create 1,900 full-time equivalent (FTE) jobs over the 30-month construction phase and, after construction, 2,600 FTE jobs. Those figures were released Thursday by General Growth Properties (GGP) based on a study prepared by HR&A Advisors Inc., a real estate, economic development and public policy consulting firm with offices…
