A buyer has been selected for the former Seaside Regional Center property in Waterford.
Seaside in Waterford, LLC, managed by Mark Steiner, of Farmington, will buy the Shore Road property for $8 million, state Department of Public Works Commissioner Raeanne V. Curtis said in a news release.
Seaside -- a 32-acre waterfront property on Long Island Sound -- opened in the 1930s as the Seaside Sanitarium and the Department of Mental Retardation ran the facility until 1996.
The next step is for DPW and Seaside in Waterford, LLC to negotiate a purchase and sale agreement.
Gov. M. Jodi Rell said that this would ensure the general public quality access to this portion of the shoreline.
“I am very pleased with the progress we have made. The selected proposal appears to be in the best interest of the state and the Town of Waterford and we look forward to bringing this process to conclusion,” Rell said.
The state is selling several assets to reduce the current budget deficit.
The budget approved in September 2009 calls for raising $15 million from the sale of state assets in the first year of the budget and $45 million in Fiscal 2011.