Village on Thames at Fort Trumbull groundbreaking, closing delayed
New London — Monday's groundbreaking for Village on Thames in Fort Trumbull is delayed after developers failed Thursday to show proper financing for the 34-unit housing project.
A closing to transfer the property to the Stillman Organization scheduled for today was postponed, according the Renaissance City Development Association. Monday's groundbreaking is also delayed, said Karl-Erik Sternlof, the RCDA's vice president.
Mayor Daryl Justin Finizio issued a statement that said, in part, the city had fulfilled its obligations under the development agreement with Stillman, and "the responsibility now lies with the developer to provide adequate financial representations to proceed."
Stories that may interest you
From humble beginnings, a steady climb to appointment as U.S. treasurer
Lynn Malerba, chief of Mohegan Tribe, discusses the latest in a series of historic firsts.
Waterford veteran's 100th birthday celebrated
Roy Robinson has witnessed first-hand what is chapters in history to most other people.
From the emergency room to the grocery store, stress levels rising along with inflation
Residents and mental health providers discuss cumulative stress from the COVID-19 pandemic and the state of the economy.
Day readers on which gubernatorial candidate will better address cost of living
Most respondents favored incumbent Gov. Ned Lamont, though challenger Bob Stefanowski also garnered support for his position on taxes.
READER COMMENTS