Listeners Club

Forgot Password

Not a Member? Sign up here!

banner

Local Headlines

Danbury City Council committee recommends tax deferral for developer

Some Danbury officials have recommended a tax break be approved for a developer.  The Danbury City Council will take up the proposal from an ad-hoc committee at their meeting tonight.  Dan Bertram is seeking a tax deferral for his $13 million, 150-unit apartment complex proposal.  The high-end studios and apartments would replace the News-Times building on Main Street. 

 

Bertram is considering some retail for the ground level. 

 

The property was valued on the 2016 grand list at $1.75 million.  Hearst Connecticut Media Group is selling the property as it consolidates into their Norwalk office.

 

The 333 Main Street property is across from the new Kennedy Flats project. Virginia-based developer Greystar also received a tax deferral from the City Council.

 

Bertram previously received a 7-year tax deferral for a Crosby Street development called Brookview Commons.  That approval though was fraught with controversy as the intent of that project changed.  The Brookview Commons tax break was offered in an effort to bring people downtown who had disposable income. The projected mostly housed West Conn students for a time and then reverted to the intended use.

On Air Now

Dave Rinelli

Local Headlines