Years after it collapsed in a cloud of dust, the Coliseum may live again. Or, “LiveWorkLearnPlay” again.
That’s the name of a Canadian company that the city has proposed to take over the old Coliseum site and construct a new $360 million mixed-use development.
On Monday night the Board of Aldermen officially received a proposed land disposition agreement between the city and LiveWorkLearnPlay. The agreement lays out the terms of the development deal.
The agreement is headed now to an aldermanic committee, where it will be the subject of a public hearing before an eventual vote by the full Board of Aldermen.
The new development would be a phased, mixed-use, and mixed income, according to a release from the city. It would include retail, residential, and office space, along with “community gathering space,” a hotel, and underground parking.
The agreement calls for attracting over 35 new small to mid-sized permanent businesses and up to 20 seasonal incubator businesses, along with a mix of housing options including affordable, workforce and market-rate housing for individuals and families,” the release states. “In addition, the project will generate approximately 4,700 construction jobs during the seven to 10 years of project build-out beginning in 2014, and between 2,800 permanent jobs during full operation.”
“The agreement submitted to the Board of Alderman represents the culmination of over two years of work engaging city and state leaders and – more importantly – the residents of New Haven,” Mayor John DeStefano stated in the release. “This project will create significant tax revenues for the City and create both construction and permanent jobs. The project will have a long term effect of revitalizing an underutilized area within the central business district as well as helping to create the conditions necessary for future commercial development throughout the city.”
Click here, here, here, here, and here for previous coverage of the development plan.
Can anyone answer: What will happen to the all the train parking served by the lot where construction will occur? Does the city or developer have a plan for all the displaced commuters who commute out of New Haven everyday and depend (and pay big money) to park in that lot?