Since 1898, Lux Bond & Green Jewelers has been dedicated to offering truly extraordinary diamonds, jewelry, watches and gifts for the home.
Westport Country Playhouse presents What the Butler Saw, August 23-September 10, 2016
Westport Rotary Club's Fifth Annual Lobster Fest will be held Saturday September 17, 2016
Your 24/7 News Source

Thursday, March 14, 2013

Opposition to Bridgewater Move Growing

By Neena Satija

www.ctmirror.org

Opposition to Gov. Dannel P. Malloy’s $115 million deal with Bridgewater Associates is growing, as observers charge that he is sidestepping state and local policies to move the country’s largest hedge fund from Westport to his hometown of Stamford. 

WestportNow.com Image
This building off of Ford Road in Westport is one of five locations occupied by Bridgewater Associates in Westport. (CLICK TO ENLARGE) Dave Matlow for WestportNow.com

Many in Stamford are incensed that no city officials, not even the mayor, knew of the deal with Bridgewater until it was announced last August. Critics also say the global investment company should not be getting state funds to build an office complex in a high-risk floodplain, in apparent violation of state environmental policies. They say the move shows that Bridgewater is getting special treatment when compared with agencies such as housing authorities, which have historically been unable to use state money to renovate housing projects in floodplains.

Malloy said on WNPR’s “Where We Live” Wednesday that the move saves jobs from potentially leaving the state, and could create as many as 1,000 more. “They were being courted by New Jersey and New York for the purposes of relocation out of Connecticut,” Malloy said. “That would have cost us tens of millions of dollars per year.”

But critics argue that economic development cannot be achieved at the expense of breaking the rules.

Click here for more of story

03/14/13 01:45 PM Comments (5) • PermalinkEmail Favicon Facebook Favicon LinkedIn Favicon

Page 1 of 1 pages
Register / Log in

Registration is required to post comments.
Sign Up  •  Login
Comment Policy

sponsors
Discover Earthplace! Visiting Nurse and Hospice of Fairfield County, Connecticut Gus Kalivas, CPA, Financial Advisor, Ameriprise WestportNow Year in Pictures 2015 Give to Public Schools in Need! - Go to DonorsChoose.org
what's inside
Property Transfers

MORE >>

Obituaries

Arts & Leisure

Business

Opposition to Bridgewater Move Growing

Community

Health & Fitness

Education

Politics

Real Estate

Opposition to Bridgewater Move Growing

Sports

Special Reports
Special Reports

MORE >>

SUBSCRIBE

Enter your email address to get WestportNow.com delivered to your inbox:

Powered by FeedBlitz

Westport Info
westport weather

Westport Weather - Current Conditions
Get more Westport weather

SB Exit 17 Saugatuck Ave.

(Click image to resume)
Click for ConnDOT View

Realtime NY Metro-area traffic reports from Traffic.com

SPONSORS
August West Chimney Sweeps

Francois du Pont
Jewelers

Francois du Pont, 6 Sconset Square

6 Sconset Square
Westport, CT
203·226·9804

Advertise on WestportNow.com ads@westportnow.com

WestportNow wins 17 citations in the 2015 Society of Professional Journalists, Connecticut Awards

InfoPulse LLC
recent comments
westport youtube

Reader nominations welcome:

social media


Westport-area Blogs

 06880
 BookTrib
 Burb Man: Brian Rutter
 CT Bites
 CT News Junkie
 Fairfield Co. Real Estate
 Farewell Travels
 Friends of Westport Parks/Rec
 Geek the Library
 Hostile Entry
 Illuminara
 Jane Green
 Kosher Like Me
 MacaroniKid
 Major Knitter
 Much Ado About Stuffing
 Nancy on Norwalk
 Neurotwitch
 Nina Pomeroy Photography
 OmNomCT
 Our Town Crier
 Preserve Westport
 Prill Boyle's Defying Gravity
 Sherwood Island Friends
 Taking the Kids
 Videler Photography
 Volunteer Square
 Westport Weather Website
 Y's Women

Suggest a Westport-area blog by sending email to: