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Redding residents get update on Gilbert & Bennett Wire Mill site

A meeting has been held in Redding about the former Gilbert & Bennett Wire Mill property.  The Redding Pilot reports that at the presentation Wednesday, First Selectman Julia Pemberton said that the MTA has made a committment to opening a Georgetown rail station. 


The future of the transit-oriented development is unclear due to the debt problems connected to the site.  Before the recession, plans were in the works to develop the area but that has long since stalled and new developers have been hesitant to make a committment to the area. 


Redding recently entered into foreclosure proceedings against the owners of the site over the debt owed by six parties totalling more than $20 million.

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