OpelSmith t1_j63vr4p wrote
Reply to comment by johnsonutah in I-95 in CT ranks as most congested corridor in USA beating out LA; Merritt Parkway also makes top 10 by celticnutjob
There is a project that is supposed to be happening across from the station. It's why the Church st south project was demolished. Also a new parking garage next to the station wherw the surface lot is, with retail on the ground floor
johnsonutah t1_j63wszg wrote
The website for that project has zero updates since mid last year, there is no construction or any visible progress whatsoever which is sad. Tearing down the Church St projects started in I believe 2018 and didn’t wrap up until like last year or 2021…pretty sure the same landlord who ran those decrepit projects has development rights to the empty land and surprise surprise…nothing is in progress.
This area should be an economic powerhouse for the state smh
OpelSmith t1_j63xkem wrote
Yeah I'm worried with the rise of interest rates they're just saying fuck it. Like the big hole in the ground at Elm/Orange in the heart of downtown. But the Colosseum site is finally going after years, so fingers crossed
Whaddaulookinat t1_j64360s wrote
Generally, developers get dedicated lines of credit for those types of projects that are essentially shorter mortgages. So as long as they had the funding secured before the rate hike, and the line is still open, interest rate isn't too much of an issue.
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