The development of the Century Brass property in New Milford is a contentious topic. A proposal has been made to enter into an Option Agreement with Panda Power. Texas-based Panda Power Company has proposed a twin turbine, air cooled, natural gas electricity generation plant. Two informational sessions have already been held and three more are scheduled.
New Milford Mayor David Gronbach says preliminary estimated tax revenue from the tax assessor when the plant is running is between $7.5 million and $11 million. The old Century Brass Mill property is 72 acres and designed as a brownfield site. It was acquired by the town through a foreclosure process.
The informational session with Panda Power Plant representatives are scheduled for November 9th and 10th at 7pm at Sarah Noble School and November 10th at 1pm at Town Hall.