One Riverside Campus, East Hartford, Connecticut
What kind of long-term economic benefits did the project bring to the local community, such as population increase, job creation, tax revenue generation, just to name a few possible benefits?
A model smart-growth project, Goodwin College's expansion has brought with it significant contributions to the local community of East Hartford, Connecticut. The Connecticut Development Authority through its wholly-owned subsidiary, the Connecticut Brownfields Redevelopment Authority provided financing in unison with other entities to clean-up and redevelop the former tank farm. This expansion has provided additional revenue for the Town of East Hartford at the start in the form of payment of back taxes through the assemblage of properties.
The project provided for the re-use of a formerly environmentally challenged, tax delinquent, and generally blighted property. In December 2008, the college opened a 109,000 square foot flagship academic and administration building serving over 2,000 students. The building includes 39 classrooms, 6 high-tech science labs, 3 computer labs, a 700-seat auditorium, a library, a student lounge, a cafe, administrative offices, 2 community rooms and a third floor outdoor roof patio.
A study has estimated that the increased educational opportunities available with the college expansion would enable Goodwin College’s graduates to earn a total of $56.9 million in wages annually, resulting in $2.3 million in additional income tax revenue for the State of Connecticut. The same study also estimated that the expansion project would result in $79.5 million in total direct and indirect economic benefits for the State of Connecticut and result in the creation of 1,516 new direct and indirect full time jobs
Connecticut Brownfields Redevelopment Authority(CBRA),
999 West Street, Rocky Hill, Connecticut
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