Greg Bordonaro
The summer is often a time for light reading, preferably on a sandy beach away from the hustle and bustle of work life. But instead of providing our readers with fluffy features this summer, Hartford Business Journal set out to cover and explain a thorny, complicated and important issue that will directly impact the future…
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A number of Connecticut municipalities use tax breaks or incentives to stimulate growth. But for some, particularly cities like Hartford and New Haven with high tax rates, they can be the literal lifeblood of much of the economic development that occurs within their borders. Even towns with lower property-tax rates like Windsor resort to tax-fixing…
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A recent and notable tax-break deal the city of Hartford hatched in recent years was with one of its most prominent downtown landlords: Shelbourne Global. Shelbourne is a New York realty investor/developer/landlord that has purchased more than $200 million in Hartford real estate over the last few years, including some of downtown’s most prized Class…
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In this second week of our series, most of the ideas explored as potential ways to shore up the city’s finances and lower the mill rate involve raising additional tax revenue or shifting the tax burden from one group to another. Of course, the amount the city spends on municipal and education services correlates directly…
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Former Gov. Dannel P. Malloy became one of Hartford’s most active landlords during his eight years in office, having approved the purchase of two major downtown office buildings for a combined $52.5 million — 450 Columbus Blvd. (formerly known as Connecticut River Plaza) and 55 Farmington Ave. (formerly owned by The Hartford). Those purchases, covering…
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