Michael L. Nealy, Business Manager
Around the Local
New Haven officials have approved a development plan to convert vacant lots on Starr Street into new housing units. The project aims to address urban blight by transforming underutilized vacant land into residential development, contributing to the city's housing stock while revitalizing the neighborhood. The approval represents part of New Haven's broader strategy to increase affordable housing options and improve community development.
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The federal Bureau of Ocean Energy Management issued a stop work order on August 22, 2025, halting construction of the Revolution Wind project, which was 80% complete with all offshore foundations installed and 45 of 65 wind turbines in place. The $4 billion offshore wind farm was designed to power over 350,000 homes and was slated for completion by end of 2026. Connecticut and Rhode Island have filed lawsuits to overturn the order, citing national security concerns without identified legal violations.
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PosiGen, a Louisiana-based solar energy company specializing in leasing panels to low and moderate-income residents, laid off 78 workers from its Connecticut offices in Danbury, Shelton, and Wethersfield on August 24, 2025. The company cited financing difficulties worsened by the Trump administration's tax package ending federal renewable energy tax credits by end of 2025. Only 8 employees remain in Connecticut as the company seeks additional funding.
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The Trump administration has begun taking credit for various infrastructure improvements and projects that were actually funded through legislation passed during the Biden presidency, including initiatives that Trump previously opposed. The practice raises questions about transparency in federal project attribution and public understanding of funding sources for major infrastructure developments.
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A former Konica Minolta office building in Windsor, Connecticut has been sold for $2.7 million to developers planning to convert the property into approximately 300 residential housing units. The redevelopment project represents a significant conversion of commercial office space to address Connecticut's housing needs, following trends of adaptive reuse in the post-pandemic commercial real estate market.
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