An informational meeting is being held in Redding tonight about the former Gilbert and Bennett Wire Mill site. The vacant 55-acre site in the Georgetown section of Redding has been left untouched since a 2002 proposal for redevelopment. A master plan to clean up and revitalize the site in the Georgetown section of Redding was approved about 10 years ago by zoning officials. The project stalled in the bad economy.
The Board of Selectmen will host an informational meeting prior to their regularly scheduled Board meeting to discuss the history of the project, state grant funding and the possibility of foreclosing on the developer over millions of dollars in back taxes owed.
The plan calls for 150,000 square feet of commercial development with 416 residential units, a 20,000 square foot community theater, 135,000 square feet of retail space and a commuter rail station.
The state grant money was awarded about a year ago.
Some of the state funding would by used by the Georgetown Special Taxing District to reconstruct the Norwalk River Flood Walls as part of the redevelopment. The work will keep potentially contaminated soils from eroding downstream during severe flooding conditions.
Tonight's meeting is at 7pm at the Redding Community Center.