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
Claire Li, a fifth-grader student at West Vine School, was sworn in Friday as a member of the Connecticut Kid Governor’s Cabinet on Friday. Claire Li
Stacey Piwcio, her sister Kristy Piwcio and friend Aiden Graves-Harrisin record themselves dancing for a tiktok video while visiting Ocean Beach Park in New London on Sunday.
A local man who survived Eastern equine encephalitis and then COVID-19, has returned home after more than a year in rehabilitation centers, where he alleges he was neglected, abused and forced to attempt suicide.
The federal Nuclear Regulatory Commission is discussing the possibility of expanding license renewal for nuclear reactors to 100 years, potentially opening the door for Millstone Nuclear Power Station reactors to remain licensed until 2075 and 2085, respectively.