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Sunday, October 26, 2014

Friday, June 27, 2014

Bridgewater No-Go to Stamford, Exploring ‘Other Options’

Westport-based hedge fund Bridgewater Associates announced today it is not moving to Stamford after all and is exploring “other options.”

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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

In a late afternoon news release, Westport’s biggest employer said the time and effort involved – without mention of opposition from Stamford neighborhood groups – made it not worthwhile despite $115 million in incentives promised by Gov. Dannel P. Malloy almost two years ago. (See WestportNow Aug. 15, 2012)

“After careful examination and reflection surrounding the challenges, time, energy, and resources needed to bring the proposed Stamford project to completion, we have decided not to proceed with the move,” the statement said.

“We are particularly thankful to Governor Malloy for doing his utmost to make this opportunity possible. We are now exploring our other options.”

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