Fairfield County Business Journal 122418

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BRIDGE PROJECT

CONNECTICUT PENSIONS

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DECEMBER 24, 2018 | VOL. 54, No. 52

YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS

westfaironline.com

CT officials slam Trump, defend health care after Obamacare ruled unconstitutional

Left: U.S. Sen. Chris Murphy and Gov. Dannel Malloy

BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

A Beacon Harbor Point apartment towers. Photo: Building & Land Technology.

Stamford’s Harbor Point at 10 years: Thumbs-up from most stakeholders BY KEVIN ZIMMERMAN kzimmerman@westfairinc.com

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eflecting on the 10 years he’s been involved with the massive $3.5 billion Harbor Point mixed-use development in Stamford, Building & Land Technology (BLT) Chief Operating Officer Ted Ferrarone

said: “Looking back 10 years later at the original master plan, which was pretty ambitious and speculative, it’s remarkable how much of it has been realized.” It has indeed been quite a journey for both the redevelopment district and the city. What was once a heavily industrial waterfront site — one marked by pol-

lution and high crime rates — is now a Leadership in Energy and Environmental Design (LEED) gold-certified, transit-oriented development encompassing over 100 acres of property. The development consists of more than 6 million square feet of floor space, including 3,000 units of residential housing and numerous retail, office and commercial tenants, including an 88,000-squarefoot Fairway Market that opened in 2010 at 699 Canal St. “We’ve brought in 30 new restaurants, created thousands of new jobs, had the parks rebuilt,”

Ferrarone said. “It’s really a vibrant area now.” When BLT acquired the property in 2007 from the now-defunct Antares Investment Partners of Greenwich, “There were about a thousand housing units and five big, vacant industrial lots throughout the neighborhood,” Ferrarone said. “It was basically a bunch of brownfields that paid no taxes.” But, he said, BLT saw plenty of opportunity in the space: facing a waterfront of roughly one mile, positioned a few blocks from the Stamford train station, and » STAMFORD

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Texas judge’s ruling that the Affordable Care Act is unconstitutional left many Connecticut lawmakers and health care officials scrambling, both to express their outrage at the decision and to assure residents that their insurance coverage would not be going away anytime soon. U.S. District Judge Reed O’Connor’s Dec. 14 ruling involves a lawsuit brought by 20 Republican attorneys general, including Texas’ Ken Paxton. O’Connor agreed with the group’s argument that all of the Affordable Care Act, also known as Obamacare, is unconstitutional due to a recent change in federal tax law. That change, upheld by the U.S. Supreme Court, held that the ACA’s individual mandate, which levied a financial penalty on those who » HEALTH CARE

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