Bill > SB01559

This bill transfers the South Meadows site in Hartford, which includes properties at 300 Maxim Road and 100 Reserve Road, from the Materials Innovation and Recycling Authority (MIRA) Dissolution Authority to the Capital Region Development Authority (CRDA) effective June 30, 2025. The bill establishes the CRDA as the successor authority for the South Meadows site, granting it full ownership, powers, and responsibilities for maintaining, remediating, developing, and redeveloping the property. The legislation creates a streamlined process for obtaining permits and approvals for projects at the site, with most licenses and permits required to be issued within ten business days. The state will hold the CRDA harmless from any pre-existing environmental or title issues at the site as of June 30, 2025. Additionally, the bill establishes specific boundaries for the South Meadows development district, which encompasses an area bounded by various streets and roads in Hartford, and allows any state tax revenue generated at the site to be retained and reinvested by the CRDA. The bill also provides for the transfer of $5 million from the MIRA Dissolution Authority's resources and ensures that the CRDA can hire previous MIRA employees to continue work on the site.

Budget and Finance

Finance, Revenue and Bonding Committee (J)

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB01559&which_year=2025