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Friday, February 28, 2014

P&Z Hears Keeping Bridgewater, Saving Kemper-Gunn

By James Lomuscio

A proposed text amendment that attorney Lawrence Weisman said would free up the town’s five design development districts (DDD) to make building, parking and environmental improvements received a ringing endorsement from Westport First Selectman Jim Marpe at tonight’s Planning and Zoning Commission (P&Z) meeting. 

The reason’s for Marpe’s support—it would encourage an owner of one of the districts—Bridgewater Associates, an international, multi-billion-dollar hedge fund, Westport’s largest employer and third top taxpayer—to remain in town.

“I believe they deserve to improve this property and that their intent is long-term occupancy of that property,” said Marpe about Bridgewater’s headquarters on the Glendenning property on Weston Road.

“We know that they are being lured to Stamford, and yet in the conversations I’ve had with their senior executives they have a real interest in maintaining a significant commitment in Westport.

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