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SB 1559 Connecticut Senate · 2025 Regular Session

AN ACT CONCERNING CAPITAL CITY REDEVELOPMENT AND ESTABLISHING THE SOUTH MEADOWS DEVELOPMENT DISTRICT BOUNDARIES.

This bill transfers ownership of Hartford's South Meadows site (300 Maxim Road and 100 Reserve Road) and associated funds from the MIRA Dissolution Authority to the Capital Region Development Authority (CRDA) effective June 30, 2025. It freezes property taxes on the site until development begins and directs $5 million from MIRA funds to a special account for CRDA's site-related activities. CRDA gains authority to manage remediation, development, and retain tax revenue generated from projects on the site. The transfer includes all tangible/intangible assets and permits CRDA to hire former MIRA staff for site operations.
Issues: ✓ HousingSupports HousingTransfers land to CRDA, freezes taxes until development, allocates $5M for site development - directly advancing housing projects via public authority funding and tax incentives.92% confidence
Sub-Topics: Community Development Property Development
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
Governor
Introduced Apr 9, 2025 Last action May 12, 2025
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Full legislative history

Actions timeline

Total actions
9
Key actions
0
Committee
2
Apr 24, 2025
Senate · Reported by committee
Joint Favorable
Apr 9, 2025
Senate · Referred to committee
REF. TO JOINT COMM. ON Finance, Revenue and Bonding
0 primary · 0 co-sponsors

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