Development to the Stratford Army Engine Plant became more obtainable today after the Connecticut House of Representatives passed legislation aiding in brownfield remediation and infrastructure needs at the Stratford Army Engine Plant (SAEP). Stratford legislators, Representatives Laura Hoydick (R-120)> Larry Miller (R-122), and Terry Backer (D-121) led a bipartisan effort to establish a tax zone for Point Stratford, the development team approved in the Army and Defense Department sale of the 78 acre property last fall.
"The Army Engine Plant at Point Stratford was once the largest employer in the town of Stratford," said Rep. Hoydick. "The passage of this measure by the House moves us one step closer to allowing Stratford to have the ability to revitalize this location for public use. It opens the door for an exciting opportunity for economic expansion in Stratford, creating jobs and improving the quality of life in the area. "
"Stratford has waited 20 years to see this property return to productive use and this is another positive step in that direction," said Rep. Backer. "This bill helps in the redevelopment of these 80 acres and hopefully employment, housing and grand list expansion."
A major part of the bill establishes a special tax zone, which empowers the District the power to lay and collect taxes to pay for costs of improvement whose rates will be established at public hearings held by the board. The district will consist of five directors, one of which is chosen by the mayor and the remainder elected by voters. Positions include the President, Vice President, Clerk, and Treasurer. The elections will be made public notice and held once a year.
The vision for SAEP redevelopment is one of mixed commercial, retail and residential use. Point Stratford Renewal, LLC was selected by the U.S. Army to acquire the property for mixed use redevelopment. Their plans include construction of 1,500 housing units, 500,000 square feet of retail outlets, office and hotel space, opening the waterfront to the public and creating job relief for residents.