Fairfield County Business Journal 050916

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FAIRFIELD COUNTY

BUSINESS JOURNAL May 9, 2016 | VOL. 52, No. 19

2 | CHINESE BUYERS

13 | CHANGE AT EXCHANGE westfaironline.com

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS

Tesla bill stuck in neutral, for now BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

S WEB WARES ▶ See page 4

David Hack displays some of the specialty foods sold online by his Direct Eats company in Wilton. Photo by Reece Alvarez

truggling to pass a state budget by a midnight May 4 deadline, Connecticut legislators appeared headed to a special session sometime in the following week to consider the so-called “Tesla bill,” which would allow the sale of electric vehicles (EVs) directly to consumers without having to go through the franchise dealerships model. Sponsored by Senate Majority Leader Bob Duff (D-Norwalk), Senate Bill 3, titled “An Act Concerning the Licensing of New and Used Car Dealers,” is designed to allow any electric car companies that do not already have a physical presence in the state to have up to three dealerships in Connecticut. For now,

Connecticut remains one of five states — Arizona, Michigan, Texas, Utah and West Virginia — that ban direct retail sales of autos by a manufacturer. Most major automakers — including General Motors, Ford, Volkswagen, Toyota and BMW — sell EVs as well, but on authorized dealers’ lots next to their purely gas-powered brethren. Tesla, based in Palo Alto, Calif., has tried an array of approaches to convince lawmakers to vote in favor of SB3, following the defeat of a similar bill last year. Last week Tesla published the results of a survey by Washington, D.C.-based Myers Research showing strong support for its direct sales business model in the state. “According to the results of our recent statewide survey,” wrote Andrew Myers and Matt » TESLA, page 6

Massive Sono Collection shopping center closes in on groundbreaking BY REECE ALVAREZ ralvarez@westfairinc.com THE PROPOSED 12-ACRE SHOPPING CENTER on the corner of West Avenue and North Water Street known as the Sono Collection is inching closer to being a done deal — bringing

the City of Norwalk within striking range of adding yet another game-changing attraction to the city. “I think it is going to be a tremendous boost to our economy,” said Norwalk Mayor Harry Rilling. “It will be providing jobs for our residents, it will be proving signif-

icant property tax revenue for the city of Norwalk, but more importantly it will attract people from the entire tri-state area who will come here and shop and hopefully take advantage of the other things we have to offer like restaurants, the Maritime Aquarium, Stepping Stones Museum and the shoreline.” According to General Growth Properties (GGP), the Chicagobased development agency behind the proposed project, plans for the shopping center include 700,000 square feet of retail comprised of 80 to 100 small shops and restaurants supported

by two major anchor tenants, Bloomingdales and Nordstrom department stores. Acknowledging Norwalk’s already well-established, rich diversity of unique restaurants, members of the GGP development team have designated the majority of the project to retail with a much smaller emphasis on restaurants. Bisected by North Water Street, one 762,000-square-foot parcel is planned to include 506,705 square feet of retail space with 31,350 square feet designated for restaurants and cafés. Another 302,000-square-foot

parcel is slated to have more than 154,800 square feet of retail space with 13,000 square feet dedicated to food and beverage businesses. On top of the retail and dining options the shopping center would include a 150-room boutique hotel. At least 5 percent of the center will also be dedicated to open space that can be used for public events and leisure, though GGP Senior Director for Development, Douglas Adams told the Norwalk zoning commission on April 27, “we will be substantially over that.” An animated tour of the » SONO, page 6


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