The Hartford Common Council has formally accepted a resolution outlining the development of the city's Downtown North section, including the construction of a minor-league baseball stadium.
The city selected DoNo Hartford, LLC as the developer of the area just north of Interstate 84 in Hartford.
Hartford Mayor Pedro Segarra convened a special meeting Thursday night to present details of the resolution, including the transfer for 19 properties to DoNo Hartford at a price of $1 each.
"This is a big deal because it is a step toward this huge sale and transfer in order to build downtown Hartford," said Larry Deutsch of the City Council.
The $350-million project will comprise 600 residences, more than 140,000 square feet of retail and restaurants, a grocery store, brewery and ballpark, according to a release from the mayor's office.
“This area has been an underutilized sea of parking lots for decades. Before us is the opportunity to create a new neighborhood, jobs, and much needed new revenue streams for the City of Hartford,” Segarra said in a statement Thursday.
An Operations, Management, Budget and Legislative Affairs Committee (OMBLAC) meeting and public hearing on the resolution will be held at 5 p.m. Sept. 17 at the Parker Memorial Community Center at 2621 Main Street in Hartford.
Hartford received four proposals earlier this summer. Three plans – from CV Properties, the Hooker Brewing Company and Centerplan Development Company with Leyland Alliance – met the criteria for development.
"We can't comment at this point but Centerplan continues to be very eager to work with the City of Hartford and invest in its future," said Yves-George A. Joseph II, vice president of development at Centerplan.
The resolution would authorize the city to lease back the ballpark from DoNo Hartford, LLC for an initial term of 25 years and then sublease it to Connecticut Double Play, LLC, the parent company of the New Britain Rock Cats.
The ball club would rent the stadium for $500,000 per year for the first 15 years of the deal and $600,000 for the final 10 years of the initial agreement.