Business? We don’ wan no stinkin’ business!


Time out – wait’ll you see her next year!

Stamford opponents seek to derail Bridgewater’s headquarters plan.

The redevelopment of south Stamford, 1,000 high-end jobs (plus, presumable, many more less-well-paid positions), property tax revenue, vs. an aging old marina. It’s their city, and the boaters and anti-development can do as they wish, but their opposition and determination to obstrcut and preven this project strikes me as ill-advised.

But zoning and development plans for the site stipulate the land must be used for water-dependent purposes — specifically, a working boatyard. A move to build a corporate headquarters there needs approval from city officials, who still have a cease-and-desist order pending against BLT for failing to provide plans for replacing the boatyard. BLT has appealed the order.

“It’s really going to become a land-use issue,” [Mayor] Pavia said. “A Zoning Board and a Planning Board review process that I believe will be very involved, probably one of the most involved land use issues that they’ve ever had to face.”

Two officials with perhaps the most power over the project’s future, Planning Board Chairwoman Theresa Dell and Zoning Board Chairman Tom Mills, were invited, but did not attend Thursday’s meeting. Mills said he decided to stay away after Save Our Boatyard members criticized the gathering.

“We were getting a lot of calls from people thinking there were backdoor deals going on and everything else,” Mills said. “I don’t need to stir up the pot any more than it’s already been stirred. They didn’t want me to go so I didn’t go.”

Dell could not be reached for comment Thursday. Maureen Boylan, an organizer with the Save Our Boatyard organization, accused city officials of holding a “secret meeting.”

“Why was it not an open meeting?” Boylan said. “They can try and fast-track it all they want, but it’s not going to happen. Legally, this deal should not be happening because the property is not zoned for it and it violates all the rules in place.”


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7 responses to “Business? We don’ wan no stinkin’ business!

  1. AJ

    If they have 1225 current employees and they’re supposedly going to create an additional 1000 new jobs, my question would be how, how is that supposed to happen? How are you going to essentially double your work force; based on what projections, and what can those be tied to? Where are the numbers, where are the plans, just how likely is that to happen, or is this just a taxpayer funded land grab based on a pie in the sky sales pitch with due diligence provided by Fairfield Greenwich or some similar predictor of future growth?
    As a taxpayer of Stamford, I’d want to know what’s in it for me? My guess would be nothing. As someone who used to live in the Wallach’s Point Shippan area, I remember what a pain in the butt it was to get in and out of there, especially after they closed down exit 8, so I would imagine the benefit for those living there, their benefit is going to be a traffic nightmare. If I was still living in Stamford, I’d be very active in no more front end loaded tax breaks for corporations. Let them deliver first: talk is cheap unless your the guy who gets to pay for it all. Why give them Yacht Haven, when a much more appropriate location would be down near Pitney Bowes. Somehow this just reminds me of all that Antares Boyz nonsense, and I’m sick and tired of corporate welfare, or robbing the poor to give to the rich.

  2. Stamford South End

    BLT developer.? Bottom feeders so greedy they suck mud in, blow it out and tell tenants/buyers that they must pay more because now they created more waterfront. Stamford needs to protect their water dependent businesses / recreation.

  3. AJ

    These deals where corporations get huge grants to come to your town and create jobs remind me of those direct mail pieces where I can get huge lines of credit, whopper no collateral loans, solve all my problems and get the upper hand edge on everything, all I got to do is send five thousand now to cover up front processing. I’ve seen a number of these job creation schemes where companies take the money, use it and run. How does that happen? Well because that’s the way the contract was written stupid. Let me guess, are you going to be able to read the fine print on the contract before the deal is sealed and set in stone? That’s what taxpayers should be asking. Or is it just another case of you’ll know what’s in it when we pass it? Show me the contract!

    Give me $50 million to come to Greenwich and I’ll create a thousand jobs even if I have to spend half your money to do it while I figure out how to secrete the rest.

  4. Cos Cobber

    Gang, the math is simple. Dalio pockets 3B a year in a business that he could relocate to any place in the world. 3B X 6.5% CT tax rate = 65 million a year in income tax and thats just from one employee.

    Bridgewater moving to Harbor Point is a major win for Stamford. Its not financially viable to rebuild that boat yard to serve just recreational boating. A combined approach is necessary to distribute the costs. As long as the public doesnt lose access to the waterfront, the number of slips is perserved and a new take out / repair facility is built in the East Brach of the Harbor, its a good deal for Stamford. A very good. deal.

  5. The part I don’t understand is why the loans are forgivable.

    Also, I knew that the old Rusty Scupper/Saltwater Grille site was empty and drove by the other day to see if anything new was opening in that area of Shippan. It was in the middle of being demolished. A worker told me that the office building next door was going to be expanding.

    The times they are a changin’.

  6. Cos Cobber

    The loans are foregiveable if bridgewater fulfils their end of the deal in adding a specified number of new employees. It starts as a loan that converts to a grant when the jobs are created.

  7. OG17

    How about lowering taxes for everyone so that businesses want to stay in CT? Why should a multi-billion dollar hedge fund get taxpayer money when they are not even relocating from outside of Connecticut. Do we have to compensate Westport next? More crony capitalism from Malloy.

    When BLT purchase the land they knew it was zoned as a boatyard, that was a condition of its purchase. Once BLT kicked out Brewers and demolished the boatyard without permits you could see the writing on the wall. How much public access do you think will remain once Bridgewater takes over the peninsula? The land they are proposing on Magee is much smaller and looks like it will require some major dredging. There are plenty of empty lots in the city for Bridgewater but that land is unique which is why the zoning board fought to preserve its use as a working boatyard.