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CT city sees big change for redevelopment of housing complex

CT city sees big change for redevelopment of housing complex
courant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courant.com Daily Mail and Mail on Sunday newspapers.

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Hartford mayor-elect announces policy chairs for transition

Hartford mayor-elect announces policy chairs for transition
courant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courant.com Daily Mail and Mail on Sunday newspapers.

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Inflation, interest rate hikes delay $50M Hartford housing complex redevelopment

A redevelopment of the Martin Luther King apartments in Hartford’s Sheldon Charter Oak neighborhood has been stymied after organizers learned inflation and higher interest rates have increased the project’s costs by about $8 million. “We thought we had it sourced, but interest rates went up and construction costs went up,” said Capital Region Development Authority Executive Director Michael Freimuth of the now $58 million project. “We got hit on both ends and it opened up a hole.”

United statesMichael freimuthEmily wolfeHartford sheldon charterMartin luther kingConnecticut housing finance authorityVesta corpCapital region development authoritySheldon charter oakSheldon oak centralIvan blockSheldon oakOak central

Inflation, interest rate hikes delay $50M Hartford housing complex redevelopment

A redevelopment of the Martin Luther King apartments in Hartford’s Sheldon Charter Oak Neighborhood has been stymied after organizers learned inflation and higher interest rates have increased the project’s costs by about $8 million. “We thought we had it sourced, but interest rates went up and construction costs went up,” said Capital Region Development Authority Executive Director Michael Freimuth of the now $58 million project. “We got hit on both ends and it opened up a hole.”

United statesMichael freimuthEmily wolfeHartford sheldon charterMartin luther kingConnecticut housing finance authorityVesta corpCapital region development authoritySheldon charter oak neighborhoodSheldon oak centralIvan blockSheldon oakOak central

A key Hartford apartment redevelopment project may be delayed for months Here s why and what developers are up against – Hartford Courant

The ambitious redevelopment of the deteriorating Martin Luther King Apartments near downtown expected to start this spring will now be delayed for months.

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