AGREEMENT SIGNED TODAY FOR REDEVELOPMENT OF NEW HAVEN COLISEUM SITE
(New Haven, CT) Mayor John DeStefano, Jr., President of the Board of Alderman Jorge Perez, Senator and Mayor-Elect Toni HarpCity Economic Development Administrator Kelly Murphy, Max Reim, Founder and Principal of LiveWorkLearnPlay (LWLP), and Richard Martz, Vice-President of LWLP all gathered today at City Hall to sign a historic Development and Land Disposition Agreement between the City and LWLP for the redevelopment of the former New Haven Coliseum site into a vibrant, new downtown neighborhood. Also in attendance were members of the New Haven Board of Alderman and the State Legislative Delegation.
The project will be one of the largest private developments in the history of the City, with approximately $362 million of private investment, and approximately $33 million in additional public infrastructure improvements. It will incorporate 1.1 million square feet of development on 4.85 acres of land. It is envisioned as a transit oriented, mixed-use, mixed-income, Smart Growth development that, once completed, will include 75,000 square feet of retail, up to 1,002 residential units, a 200,000 square foot class “A” office building, and a 160-190 room 4.5 star branded hotel and multi-functional center – all designed around a vibrant public square and community gathering place. Construction on the phased project is targeted to begin in the summer of 2014.
The project will create 35 to 40 new small to mid-sized permanent retail business opportunities and up to 25 seasonal incubator retail businesses, along with a mix of quality rental and for-sale housing options ranging from market rate, to low, moderate and workforce housing. In addition, the project will generate approximately 4,700 construction jobs and $303 million in labor income from construction jobs over the seven to ten years of project build-out. Most importantly, the project will generate approximately 2,800 permanent jobs at full operation, creating approximately $189 million in annual labor income. LWLP is committed to working with the City, New Haven Works and other local and regional organizations to ensure employment opportunities for New Haven residents as well as the participation of local businesses and entrepreneurs in the project.
The signing of this agreement was the result of the unanimous vote last week by the New Haven Board of Aldermen to approve the Development and Land Disposition Agreement between the City and LWLP.
“Today represents the culmination of over two years worth of work, by the Board of Alders, City Staff and the LiveWorkLearnPlay team engaging the community and state and local leaders in the process,” stated Mayor John DeStefano, Jr. “This project will create significant tax revenues for the City and the State, as well as thousands of construction and permanent jobs. The redevelopment of the former Coliseum site will also 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.”
“We are very excited to continue working with the State, City and New Haven community on this transformative development that will help New Haven achieve its full potential,” said Max Reim of LiveWorkLearnPlay. “This important project was made possible by the outstanding leadership and efforts of the Board of Aldermen, the Mayor, City Staff and the New Haven Legislative Delegation. We are very grateful for their support and look forward to working with them, Senator and Mayor-Elect Toni Harp and Governor Malloy to make this iconic neighborhood development a reality.”
“We are delighted to be involved as the planners and architects for the Coliseum site redevelopment, working with LiveWorkLearnPlay. Their vision for creating wonderful urban places for cities is a unique expertise that we are now fortunate to have here in New Haven. We have been trying for years to reconnect New Haven’s torn urban fabric caused by the Oak Street disconnector, and we believe this project is a vital part of the renaissance of downtown,” said Herb Newman, Founder and Principal of Newman Architects.
The development represents Phase II of New Haven’s Downtown Crossing project, which will remove State Highway Route 34, turning it into a 21st century urban boulevard that will reconnect Union Station, the Medical District and the Hill neighborhood to Downtown. This new connection is an essential component of the City’s Hill to Downtown Plan to redevelop the area from Union Station to the Medical District and strengthen the nearby Trowbridge Square neighborhood; Phase II of Downtown Crossing will rejoin South Orange Street across the current Route 34 towards Union Station along an at-grade street for pedestrians, cyclists and automobiles alike.
“The Coliseum redevelopment represents a significant milestone for the City. This large scale investment with such a progressive vision demonstrates that New Haven has come a long way these past ten years and that the New Haven market and economy is strong and growing,” stated Kelly Murphy, the City’s Economic Development Administrator.