TITLE

A New Connecticut Credit Readies $80 Million Deal

AUTHOR(S)
Piazza, Johanna
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/28/2003, Vol. 344 Issue 31623, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
A new credit is emerging in Connecticut to issue bonds for the final phases of Hartford's ambitious plan to rejuvenate its waterfront with a convention center, a hotel, and residential and commercial development. The Capital City Economic Development Authority was formerly charged only with reviewing and approving expenditure of proceeds under the state's general obligation bond program for the $1 billion Adriaen's Landing waterfront development project along the Connecticut River. The authority was originally envisioned to have debt-issuing authority because officials anticipated that certain revenue-generating components of the economic development would be best served with revenue bonds. The development includes the Connecticut Convention Center, the Hartford Marriott Downtown hotel, and the Connecticut Center for Science and Exploration, as well as residential and retail development.
ACCESSION #
9687922

 

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