Bross Chingas Bross Real Estate, Riverside Realty, #1 in 2013
A Perfect Pary -Westport Downtown Merchants Association
Molly Lane, Exceptional Properties Specialist: Fairfield County Homes, 917-670-4842
 
Sunday, September 21, 2014
News

Monday, January 28, 2013

Bridgewater Move from Westport Drawing Skepticism

Digg Favicon Email Favicon Facebook Favicon LinkedIn Favicon TwitThis Favicon  

By Neena Satija

www.ctmirror.org

Stamford—There’s already a lot of skepticism about Connecticut’s $115 million deal with Bridgewater Associates, announced in August.

Critics say taxpayers’ money would be better spent on a cash-strapped school system, for example, than in helping the world’s largest hedge fund move its headquarters from Westport to Stamford. New Jersey and New York had also fought for the new headquarters.

After Hurricane Sandy, though, another aspect of the controversy has come to light: the fact that Bridgewater—CEO Ray Dalio’s net worth was listed as $10 billion by Forbes in 2012—plans to build its new headquarters on Stamford’s waterfront, smack in the middle of a high-risk flood zone.

Even Catherine Smith, commissioner of the state agency that’s giving Bridgewater up to $115 million for the project, was skeptical at first.

Click here for more of story

Posted 01/28 at 11:04 PM

Comments:     Comment Policy

At a time that the State is slashing it’s budget for human services and everything else, Bridgewater, and it’s enormously wealthy CEO should be ashamed of themselves for sucking up scarce taxpayer dollars. Paraphrasing some famous words, “Have you no decency sir?”

Posted by Mickey Herbst on January 29, 2013 at 01:27 AM | #

AGREED!!!!

Governor Malloy as well .......

Posted by Marcy Puklin on January 29, 2013 at 12:32 PM | #

You need to Register and be logged in to post comments. If you are already registered but are not logged in, you can Login here.

Name:

Email:

Location:

URL:

Remember my personal information

Notify me of follow-up comments?

You must be logged in to comment. You must also answer the question or solve the equation below:

1 + 7 = ? (1 character(s) required)

Please note by clicking on "Submit" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Inappropriate posts may be removed.

<< Back to main

SPONSORS
Earthplace Festival, Sunday October 19, 11-5
Visiting Nurse and Hospice of Fairfield County, Connecticut

HOUSE OF THE WEEK

6 Winker Lane, Westport, CT, Jillian Klaff Homes

Click the photo for
more info about
6 Winker Lane, Westport, CT

jillianklaffhomes.com

WestportNow Year in Pictures 2013 Give to Public Schools in Need! - Go to DonorsChoose.org
WestportNow.com Stuff