As the state looks to close its budget gap, the state will begin selling state assets, which includes the waterfront Seaside Regional Center in Waterford and the former Nathan Hale Hotel site in Willimantic.
Other surplus properties the state plans to sell include a building at 7 North Street in Litchfield, the Bristol Armory and numerous small plots owned by the Department of Transportation (DOT).
A list of properties for sale, including details and information on how to make a bid, can be found on a state Web site, www.ct-surplus-property.com.
The budget approved by the General Assembly in September called for raising $15 million from the sale of state assets in the current fiscal year and $45 million in Fiscal 2011. The budget did not identify the parcels to be sold. The Rell Administration has developed a list of surplus state assets.
“This is a chance for the state to realize much-needed revenues and for residents, developers and others to buy prime property and other assets,” Gov. Rell said. “These properties range from an outstanding waterfront location to dozens of spots owned by the DOT across the state. We must do all in our power to meet the goals of the budget and reduce the current-year budget deficit. Selling these parcels will bring in cash for the state without adding to the burdens on taxpayers or employers.
“The new budget passed by the Legislature has been in effect just a few short months but is already millions of dollars out of balance,” the governor said. “My hope is that these asset sales will help prevent that problem from growing any worse — and perhaps even help to turn it around.
As we complete the appraisals and other technical details necessary to make additional state-owned assets ready for sale, more properties will be coming on the market in early 2010.”
The properties for sale include more than 40 parcels of land – ranging from more than 2 acres in New Milford to as small a plot as 0.12 acres in Montville – that it is ready to sell. Additional parcels of DOT-owned land are expected to be offered in future rounds of asset sales.
