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.
Stories that may interest you
Outages were still affecting many homes in East Lyme, Ledyard, Montville, Norwich, Preston and Old Lyme Wednesday morning.
I learned a hard lesson recently. It happened when a 3-year-old wet meadow and shrub area I’d designed was accidentally mowed by a brush hog operator one afternoon in early July.
The bureau has hired 335 paid temporary workers in New London County and is continuing to hire and train people
The school system has now spent at least $163,000 on legal fees related to the controversy surrounding former high school teacher Timothy Chokas.