Sunday, September 23, 2007

More State Aid Urged for Colt Project

In its lead editorial today, the Hartford Courant urged the state to ante up more funding for the nearly finished renovation of the Colt armory complex. The developers find themselves in a Catch-22, according to the newspaper, with banks refusing to lend more money without greater state investment and the state refusing to increase its share unless the developers show they have enough private investment to complete the project.

"To have this promising $180 million restoration fall through at this late stage would be beyond disappointing," the Courant writes. "For Connecticut to let an internationally important landmark lapse into ruin would be a travesty."

Read the Courant editorial