Developer, New London agency to discuss what's up next for Fort Trumbull
New London - The Renaissance City Development Association and Riverbank Construction are trying to figure out what to do next, days after Riverbank's proposed housing development in Fort Trumbull fell apart.
Karl-Erik Sternlof, first vice president of RCDA, said Tuesday lawyers for both sides will meeting this morning to discuss the future of Village on the Thames, a 103-unit rental housing project.
"Conversations continue,'' Sternlof said. "Ultimately, we are seeking amicable solutions to this beautiful project."
He said the RCDA will provide a progress update after the lawyers meet.
Robert Stillman, an owner of Riverbank Construction, was named preferred developer in 2010 and proposed 103 housing units, which at first were going to be condominiums but later were described as rentals.
Stillman could not be reached for comment Tuesday.
A closing on the first 34 units of the project, which would have cost about $8 million, was canceled Thursday, and a groundbreaking scheduled for Monday also was postponed.
The executive committee of the RCDA rejected a proposal by Stillman to self-finance the project, saying the agency could not certify to the state Department of Economic and Community Development that certain terms and conditions were satisfied prior to the scheduled closing, as required by the development agreement.
k.edgecomb@theday.com
Stories that may interest you
Proposed move of Norwich recreation staff to Public Works discussed at budget hearing
The Norwich city manager has proposed moving three Recreation Department maintenance staff to the Public Works Department.
Hispanic Alliance, Eastern Connecticut State University sign agreement
The partnership calls for Eastern Connecticut State University to match $2,500 annual scholarships granted by the Hispanic Alliance to Eastern student recipients

Downtown New London to gain unique events venue
Restauranteur Rod Cornish has purchased the vacant former Apostolic Cathedral of Hope, at the corner of Green and Starr streets, and plans to use it to host weddings, banquets, brunches and other special events.

Not just for fun, music has a philanthropic side
Many musicians in the New London area often donate their talents in pursuit of a greater good.
READER COMMENTS