Economic Development

Recent Posts

A crash course on luring sports betting from the shadows

It was an eclectic audience at a seminar to learn about a business still illegal in Connecticut, if for the moment. There was an OTB guy from Suffolk, N.Y., a casino and horse-track general manager from Ruidoso Downs, N.M., the Harvard-educated consumer-protection commissioner of Connecticut, and three silent observers from the National Hockey League.
The agenda: How to make a buck by taking bets on sports. Continue Reading →

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Among Connecticut cities and towns, the wealthiest are the big spenders

While Connecticut’s distressed cities often are perceived as having bloated budgets, the wealthy suburbs easily outspend their urban neighbors on a per capita basis, sometimes by margins nearing two-to-one. More importantly, shrinking state aid, a lack of revenue diversity and an over-reliance on a regressive property tax system threaten to widen tremendous disparities that already exist between Connecticut’s poorest and richest communities. Second in a series. Continue Reading →

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Competing CT budget plans rely on April tax bonanza

Democratic and Republican legislators offered competing visions for the next state budget Friday, but both effectively dipped into this spring’s unexpectedly high income-tax revenues to salvage key programs for towns and social services, drawing a sharp rebuke from Gov. Dannel P. Malloy. Continue Reading →

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New movie will revive painful lesson in how not to redevelop a city

It was a fiasco, one that gave Connecticut and one of its oldest cities a black eye. Now we get to relive it as a new film tells the story of Susette Kelo, a woman who gained national publicity for her years-long battle to save her beloved pink cottage in New London’s Fort Trumbull neighborhood from a major redevelopment project. Continue Reading →

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