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

Scarchilli, Michael
March 2006
Bond Buyer;3/3/2006, Vol. 355 Issue 32331, p4
Trade Publication
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.


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