West River Crossing - Bad news and Potentially Good News.

According to today's New Haven Register article entitled Future of West River project uncertain, the predevelopment agreement with West River Crossing, LLC has expired. West River Crossing, LLC, who was to gain tenants for the redevelopment of 30 acres of industrial riverfront properties along the West River and New Haven Harbor, apparently failed to show up for a critical meeting. The city may put the project out to bid for a third time since the project was first envisioned in 1997, OR it may create a public-private partnership (if possible by law).

That's the bad news... and one really does wonder if this is just another way of trying to get rid of companies and people that were associated with Mayor Richard Borer's administration. If it does go out to bid, though, it's stated that West River Crossing, LLC will have a chance at bidding again.

The good news is that the city is in separate negotations with United Illuminating (UI) to be a tenant at the site. UI has been openly looking for a new location for its New Haven headquarters. According to the news article, should UI come to West Haven, that would be worth about $4 million per year in tax revenue.