Topic:
BONDS; CONNECTICUT DEVELOPMENT AUTHORITY; STATE AID; ENVIRONMENTAL PROTECTION DEPARTMENT; STATISTICAL INFORMATION; ECONOMIC DEVELOPMENT;
Location:
ECONOMIC DEVELOPMENT; STATE AID;

OLR Research Report


July 15, 2005

 

2005-R-0590

STATE FUNDS TO NEW LONDON DEVELOPMENT CORPORATION

By: Judith Lohman, Chief Analyst

You asked for a list of all state funding provided directly to the New London Development Corporation.

SUMMARY

Since 1993, the state has provided just over $82.35 million in direct grants to the New London Development Corporation (NLDC) for various development projects, all from state bond allocations. In addition to this direct funding, the state has provided more than $39 million for projects located in the NDLC development area since 1988.

A computer search of state budgets and special acts since 1988 shows no direct appropriations to the NDLC. In addition, a survey of the Connecticut Development Authority's (CDA's) active accounts from1991 to 2003 showed that NDLC has received no grants or loans from CDA.

DIRECT STATE FUNDING TO NLDC

A search of the bond allocation databases maintained by the Office of Fiscal Analysis (OFA) and the Office of State Comptroller shows $82,355,000 in total bond allocations directly to the NLDC through the Office of Policy and Management (OPM) and the Department of Economic and Community Development (DECD) (see Table 1). OFA's database contains allocations since 1980 and the comptroller's starts in 1995.

Table 1: State Bond Allocations for Grants to the

New London Development Corporation

1980 – Present

Date

Allocation

Previously

Allocated

For

Agency

6/25/93

$60,000

0

Study of potential Ocean World

DECD

1/30/98

5,350,000

0

Prepare plan to attract a Fortune 100 company to former New London Mills site

DECD

5/29/98

1,630,000

0

Help for municipal development project in Thames Peninsula area

OPM

5/29/98

1,283,400

0

Planning for a municipal project in Thames Peninsula area

DECD

6/26/98

0

2,875,872

Planning for municipal development project in Thames Peninsula area

DECD

6/26/98

3,324,128

0

Municipal development project in Thames Peninsula area

OPM

5/27/99

0

1,935,000

Property acquisition and related costs at New London State Pier

DECD

7/19/99

45,872

0

Waterfront improvements

OPM

7/19/99

8,540,728

0

Waterfront improvements

DECD

8/27/99

500,000

0

Site development costs at Calamari property

OPM

9/24/99

810,000

0

Work in connection with development of the New London State Pier

DECD

12/17/99

0

6,000,000

Road improvements in Fort Trumbull Peninsula area

DECD

2/25/00

0

3,716,000

Property acquisition, demolition, remediation, torpedo boat exhibit, and FEMA flood map revisions in the Fort Trumbull Peninsula area

DECD

7/28/00

15,000,000

0

Phase II improvements to Fort Trumbull

DECD

12/15/00

7,500,000

0

Phase II of the New London Fort Trumbull Municipal Development Plan

DECD

7/20/01

7,500,000

0

Phase III of the New London Fort Trumbull Municipal Development Plan

DECD

4/26/02

10,000,000

0

Phase II and Phase III costs of New London Fort Trumbull Development Plan including additional cleanup of Calamari property

DECD

5/30/03

6,284,000

0

Supplemental grant for Phase II and Phase III costs of New London Fort Trumbull Municipal Development Plan

DECD

TOTALS

$67,828,128

$14,526,872

   

STATE FUNDING FOR PROJECTS IN NLDC'S DEVELOPMENT AREA

In 1998, as part of a ruling that the NLDC is subject to the Freedom of Information Act, the Freedom of Information Commission found “that the city [New London] delegated responsibility to the respondent [the NLDC] for projects including the development of Ocean Beach Park, New London Mills, State Pier, City Pier, Fort Trumbull, Thames Peninsula, and the Naval Undersea Warfare Center” (Docket #FIC 1998-335, June 30, 1999).

Since 1980, the state has allocated $39,073,471 in state bonding to projects in these areas (see Table 2). Although not provided directly to

NLDC, the funds likely benefited its projects. Most of the money came through the Department of Environmental Protection (DEP) and has gone for development of Fort Trumbull State Park and for environmental remediation.

Table 2: State Bond Funding in NDLC Project Areas

1980-Present

Date

Allocation

For

Agency

7/2/88

$545,000

New sprinkler system and water tower at the New London State Pier

DOT

8/28/92

2,750,000

Grant to New London for the State Pier

DECD

5/27/94

980,581

Ocean Beach Park

DEP

9/23/94

2,400,000

Grant to Ocean World Learning, Inc. to create a hands-on ocean camp at former New London Mills site

DECD

9/23/94

2,200,000

Grant to New London to acquire New London Mills site for Ocean Quest and commercial and industrial purposes

DECD

10/28/94

1,417,500

Grant to New London for building demolition and site improvements at the New London Mills Complex

DECD

8/5/98

5,000,000

Phase I development of Fort Trumbull State Park in New London

DEP

5/27/99

5,000,000

Development of Fort Trumbull State Park in New London

DEP

7/19/99

3,025,000

Environmental remediation at the former Calamari Brothers Company location in New London and at an inactive Amtrak RR spur adjacent to the property

DEP

7/19/99

975,000

Environmental remediation at the former Calamari Brothers Company location in New London and at an inactive Amtrak RR spur adjacent to the property

DEP

9/24/99

10,000,000

Development of Fort Trumbull State Park in New London

DEP

9/29/00

3,500,000

Finance additional exhibits and improvement at Fort Trumbull State Park

DEP

9/29/00

480,390

Remediation at Pfizer Global Development Facility wetland construction area

DEP

4/27/01

800,000

Construct elevator to provide handicapped access to interior and rooftop at Fort Trumbull State Park

DEP

TOTAL

$39,073,471

   

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