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NEWSHOUND POST: Is all clear for the state bond for Waypointe infrastructure?
Posted on 01/25/2010
The Common Council will consider Tuesday night a request by the Norwalk Redevelopment Agency to broaden the use of a $5 million state bond for public infrastructure work related to the West Avenue redevelopment project Waypointe. READ THE FULL POST ON THE NEWS HOUND BY CLICKING HERE
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Posted by: anonymous | Jan 25, 2010
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However, state COULD tell Norwalk that the money cannot be used for site control, but I think they have already approved the new language to include this. BUT! If you read the proposed language, it says NOTHING about proeprty acquisitions and site control.....
Hey Hour, how about a little digging around to get to the bottom of this...
Posted by: Diane C | Jan 25, 2010
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I wasn't in Norwalk back when the properties were seized for 95/7, but we can not allow history to repeat itself here.
The WAYPOINTE plan needs to be re-addressed - and as I inidcated below, no further Norwalk tax dollars should be allocated to this pipe dream.
Norwalk is not West Hartford. The WAYPOINTE plan was wrong from day one - that's why they never signed one lease or received a letter of intent from any tenant.
Posted by: TED IN NORWALK | Jan 25, 2010
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Posted by: anonymous | Jan 25, 2010
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Posted by: anonymous | Jan 25, 2010
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This project does not merit any more of our tax dollars. Nothing has happened in 5 + years but more tax money going down the drain.
Let WAYPOINTE proceed, but NO MORE TAX DOLLARS OR EMINENT DOMAIN PROCEEDINGS ! LOOK AT THE 95/7 DISASTER DOWN THE STREET.
I am all for development, but it should be 100% financed from the private sector.
Posted by: TED IN NORWALK | Jan 25, 2010
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Ted, well said. At the very least, no public funds should be expended except as "rebates" following construction and occupancy. This way the developer, and not the taxpayer, fronts ALL the costs and risks! Otherwise ALL of the development projects will be holding our council and us HOSTAGE for more money, more money, more money....
In my humble opinion, these massive projects seldom turn out to be "mutually beneficial", thus warranting the public investment. These are not win/win- I best most are win/lose. Developer makes big bucks. Projected tax revenues never materialize. Drain on city services is enormous if not crippling.
The burden of proof is not on me to illustrate the lack of tax revenue and benefits; it is on the city to prove that they exist. Let's see specific examples....how about Connecticut and Westport Avenues retail development, Main Avenue office development, etc
Posted by: Diane C | Jan 25, 2010
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However, you can comment on any council agenda item at the beginning of each meeting, so Tuesday night you will have 3 minutes to make comments or ask questions (it is not a dialogue, however, so your questions may or may not get answered).
Having said all that, if 100 folks show up to object to the further expenditure of public funds for private development (property purchases or infrastructure), especially given the status of other similar development projects, then perhaps this item would be sent back to committee yet again.....?
Posted by: Diane C | Jan 25, 2010
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Posted by: anonymous | Jan 25, 2010
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D. PLANNING COMMITTEE
1. Authorize the Mayor to request that DECD submit the following language to the State Bond Commission to amend the funding request for the $5,000,000 Urban Act grant approved December 12, 2008 for the City of Norwalk Waypointe mixed-use development project in the West Avenue
Corridor redevelopment area:
These funds are requested to provide a grant-in-aid to the City of Norwalk to assist with the development of public improvements associated with the Waypointe mixed-use development project in the West Avenue Corridor redevelopment area.
This is why you often see me call agenda items cryptic, ambigous, confusing and misleading...
Posted by: Diane C | Jan 25, 2010
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We should not fund any more of these projects let the private sector do it.
There is a glut of apartments in Norwalk and we are adding 300 @ Avalon Bay and 100 with POKO. How many more do we need ?
Posted by: Randomthoughts | Jan 25, 2010
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The residents can use the Norwalk Transit busses at the nearby pulse point - they just need to use the bathroom at home before they make their trip.
Posted by: LOL NEAR FOX RUN | Jan 25, 2010
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Posted by: anonymous | Jan 25, 2010
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ahhh, unless the council waives that requirement, right, Tim?
Posted by: Diane C | Jan 26, 2010
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