Connecticut's repeal of the 40-year-old Transfer Act was expected to ease environmental review requirements when commercial properties change hands, but banks are likely to keep demanding extensive contamination testing — effectively becoming the new gatekeepers for environmental risk.
Some Connecticut lenders are scaling back new apartment deals amid concerns about concentration risk after multifamily loans more than doubled as a share of banks' overall portfolios over the past six years.
Hartford HealthCare has signed on as the first “Founding Partner” of the recently renamed PeoplesBank Arena, further anchoring corporate support for Hartford’s primary sports and entertainment venue.
Connecticut banks see brighter 2026 outlook after 82% posted higher third-quarter profits, with interest rate cuts expected to spur refinancing and loan growth despite competition from nonbank lenders.
New CRDA executive director David Steuber inherits a challenging portfolio that includes a former trash-to-energy plant site requiring up to $333.9 million to redevelop, while continuing the agency's downtown Hartford revitalization work.
Nearly five months after closing for a $145 million renovation, Hartford’s PeoplesBank Arena will reopen Oct. 17, when the Hartford Wolf Pack takes the ice.