TITLE

Lawsuit Seeks to Prevent Bridgeport, Conn.'s Land Purchase

AUTHOR(S)
Scarchilli, Michael
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/3/2006, Vol. 355 Issue 32331, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the United Illuminating Co. (UI) has filed a lawsuit against Bridgeport, Connecticut to prevent the city from obtaining its property on Steel Point. The lawsuit has affected the city's $1.2 billion redevelopment project that includes the construction of a hotel and marina. In 2005, UI agreed to sell a parcel of the land to the city. However, due to the delay in the redevelopment project UI withdrew from the sale agreement which prompted the city to invoke its eminent domain powers.
ACCESSION #
20281843

 

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