From Brian Lockhart, CT Post:
City Council members are finally getting something they have long sought: Tougher guidelines for the length of tax breaks offered developers.
In exchange, however, the council is being asked to give up its final sign-off on those subsidies–a change City Hall argues will modernize development deals and strip them of politics.
“It allows us to professionalize our interactions with developers,” William Coleman, deputy director of economic development, told the council’s ordinance committee this week.
Full story here.