City of Waterbury to Acquire Two Deteriorating Commercial Buildings

According to the Hartford Business Journal, Waterbury’s Board of Aldermen approved plans to acquire a deteriorating factory complex and two commercial buildings in the downtown area. A local businessman will pay the city $1M to take control of the 310,000 SF factory complex, which is in a state of disrepair. The city intends to apply for a $2M grant from the U.S. Environmental Protection Agency to begin cleaning the site and seeks state and federal funding to revitalize the blighted area. The acquisition of the commercial buildings at 21 West Main St. and 24-30 Bank St. is also part of the city’s efforts to rescue and repurpose challenged sites.

Click Here: Waterbury to acquire a massive brownfield, two deteriorating downtown commercial buildings for more information.