Today the people of Preston, Connecticut, will decide whether to purchase the Norwich State Hospital site. At stake? 419 acres across the Thames River from the Mohegan Sun Casino.
It basically comes down to a gamble.
Can the Town of Preston find a buyer in two years and have the property cleaned up started by 3 years? If they don't find a buyer where is the estimated $40 million ($40,000,000.00) coming from to do the economic clean up. The state will take care of some of the costs on the property for about 2 years.
If the residents vote in favor there is a real potential for tax relief for Preston's tax payers.If the residents vote it down, the land will remain with the State of Connecticut and the State will decide its fate.
The polls are open from 6:00 A.M. to 8:00 P.M. at the Preston Town Hall basement on Route 2 in Preston.
Tuesday, February 24, 2009
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