by Peter Urban | Jan 12, 2018 5:29am
Posted to: Business | Real Estate | Congress | DC News Junkie | Economic Development | The Economy
President Donald Trump turned to the Quinnipiac University Poll on Thursday to highlight the public’s view that the U.S. economy is on the right track.
“In new Quinnipiac Poll, 66% of people feel the economy is “Excellent or Good.” That is the highest number ever recorded by this poll,” he tweeted.
Continue reading "DC NEWS JUNKIE | Trump Touts QPoll’s Upbeat Finding on Economy" »
by Jack Kramer | Dec 5, 2017 11:30am
Posted to: Business | Real Estate | Congress | DC News Junkie | Federal Budget | Town News | Taxes | White House
HARTFORD — U.S. Sen. Richard Blumenthal on Monday said Connecticut has more to lose than some other states if the Republican-backed federal tax plan is signed into law, because a tax write-off is about to be eliminated for thousands of Connecticut homeowners with crumbling foundations.
“This hits Connecticut harder,” Blumenthal said Monday at a press conference at the Legislative Office Building, where he discussed how the Senate and House Republican proposals to overhaul federal tax policy would eliminate the tax deduction for property casualty losses except those stemming from federally declared disasters.
Continue reading "Blumenthal Cites Loss of Deduction for Crumbling Foundations: ‘This Hits Connecticut Harder’" »
by Susan Bigelow | Dec 1, 2017 10:00am
Posted to: Analysis | Business | Real Estate | Economic Development | Opinion | Hartford
This week the state Bond Commission voted to borrow $40 million for upgrades to the XL Center, in the hopes of tricking some poor sap into buying it. Good luck with that.
The newly passed state budget authorized the cost of the upgrades and the purchase of the nearby atrium and retail space, all in an effort to make the building attractive enough to investors to sell it by 2019. I haven’t found any evidence of private investors going around buying up aging arenas, but maybe the people who came up with the budget know something I don’t. Who can say?
Continue reading "OP-ED | For Sale: Old Building Full of Ghosts" »
by Terry Cowgill | Dec 1, 2017 5:30am
Posted to: Analysis | Business | Real Estate | Congress | Consumer Protection | The Economy | Town News | Opinion | State Budget | White House
If there’s any better proof that safety in numbers can bring people together, then I don’t know where it is. Last year we learned that anywhere from hundreds to perhaps tens of thousands of homeowners — most of them in northern and eastern Connecticut — have the misfortune of owning homes whose foundations are crumbling.
As of almost a year ago, more than 500 homeowners had complained to the state Department of Consumer Protection, though the General Assembly’s nonpartisan Office of Fiscal Analysis thinks the number of homes at risk could be anywhere between 20,000 and 30,000. And the cost of replacing a foundation — involving as it does the lifting of the house and the demolition of the old foundation — can run $200,000 or more.
Continue reading "OP-ED | On Crumbling Foundations, Connecticut Shows a Bipartisan Streak" »
by Christine Stuart | Nov 20, 2017 1:40pm
Posted to: Business | Real Estate | Economic Development | The Economy | Manufacturing Sector | Environment | Hartford
HARTFORD, CT — Standing outside the site of a former manufacturing company on Homestead Avenue, Gov. Dannel P. Malloy announced Monday that the state planned to dole out another $13.6 million to clean up blighted and contaminated properties known as brownfields.
Continue reading "State Bond Commission Poised To Approve Money To Remediate Blight" »
by Christine Stuart | Aug 30, 2017 4:30am
Posted to: Business | Real Estate | The Economy | State Budget | Education Cost Sharing | Taxes | State Capitol
HARTFORD, CT — A Connecticut economist and a real estate agent say Connecticut’s budget stalemate — and the proposals being put forth to resolve the budget deficit — would hurt the housing market.
Continue reading "Experts: Governor’s Budget Proposal Would Hurt Housing Market" »