Mayor's Monday Message|
Tonight, the City's Economic Development Administration is submitting to the Board of Aldermen a development agreement for 100 College Street. This is the first development project at Downtown Crossing, a transformational effort to reclaim nearly 11 acres of land currently underutilized by the Route 34 connector.
As part of this agreement, the City proposes to convey land at 100 College Street to Winstanley Enterprises, who will develop the site into a 225,000 to 400,000 square-foot office, lab, and ground level retail space. The 100 College Street project is expected to generate up to 2,000 construction jobs, 600 to 960 permanent jobs, and millions of dollars in spin-off economic development activity at suppliers, restaurants and other supporting businesses in the City.
The development agreement requires Winstanley Enterprises to comply with the City's small construction business program requirements and the City's construction workforce hiring goals for New Haven residents, minorities, and women. In the development agreement, Winstanley Enterprises also commits funding toward workforce and career development efforts in New Haven. As with many successful development projects recently, the building will be designed and built in an environmentally responsible manner to LEED Silver standards.
Tonight's submission is a major step forward in the redevelopment of the Route 34 area, and the first of what will be many more exciting announcements to come.
The first phase of the Downtown Crossing effort is partially funded by a $16 million competitive federal grant. Phase one will convert the old Route 34 connector at North and South Frontage roads into an inviting urban boulevard for drivers, pedestrians, and cyclists. College Street will then be reconstructed at grade level, literally paving the way for the development at 100 College Street. Removing the highway will reconnect Downtown, the medical district, Union Station, and the Hill neighborhood, as we begin to break down the physical barriers that have made it uninviting for people to walk from or to Downtown from many places.
I hope you share my enthusiasm for this exciting project. I truly believe both 100 College Street and the entire Downtown Crossing effort will fundamentally transform the Route 34 area and New Haven as a whole in a long lasting and positive way.
New Haven Day at the State Capitol April 11
On Wednesday, April 11, New Haven organizations, City staff, and myself will visit the State Capitol for our annual New Haven Day event. This annual event is an opportunity for organizations and citizens to advocate for the issues that are important to them. Various New Haven organizations will have informational tables and we will provide New Haven pizza (a Capitol favorite, of course).
Some issues I will be advocating for include red light cameras, Youth@Work funding, the Homeowner Fairness Initiative, Collateral Consequences legislation, and various local Economic Development projects. Buses will leave from 165 Church Street at 9:30 a.m. on April 11. Our event will take place at the Capitol from 11 a.m. to 1:30 p.m. We expect to have everyone back in New Haven by 3 p.m.
To RSVP at to reserve a seat on the bus, contact Rebecca Bombero at email@example.com.
City Employees Retirement Fund Named Small Public Plan of the Year
The City Employees Retirement Fund (CERF) has been named Small Public Plan of the Year by Institutional Investor in its 11th Annual Public Pension Fund Awards. The publication praises CERF's portfolio diversification and savvy investments, noting the fund earned more than 20 percent for the fiscal year ending June 30, 2011. Money Management Intelligence states: "Led by Executive Director Jerry Sagnella and aided by consultant Derek Ciampini of Ameriprise, the fund also launched a full-scale diversification of its fixed-income portfolio. It allocated $7 million to be split between emerging market bonds, strategic international bonds and defensive high-yield bonds...In the end, its various moves helped the fund hold its asset size in a year when market volatility was rampant."
The City Employees Retirement Fund has a total of 2,212 members, 1,104 of which are currently retired. The City of New Haven consistently budgets and funds the actuarially required contribution (ARC) for its pension funds. In the current fiscal year, the City's contribution to CERF is approximately $12 million. Other trustees of the fund are Acting Controller Michael O'Neil, John Varrone, Thomas Cama, Adriana Arreola, and myself.
Pension and medical benefits remain cost drivers in the City budget. While more must be done to restructure benefits to assure long term financial stability, effective management of our pension funds is critical to containing liability.
First College Fair Consortium Scheduled for April 10 and 11
The New Haven Public Schools (NHPS) in partnership with New England Counselors of Color Bridging Access to College (NECBAC) will hold its first College Fair Consortium on April 10th and 11th. College recruiters from around New England will be here for two days meeting with 11th graders throughout the district. In order to provide the students with a truly meaningful and enriching experience with these college recruiters, the college fair is being moved around to six of our high schools (Wilbur Cross High School, James Hillhouse High School, Hill Regional Career High School, Cooperative Arts and Humanities High School, Metropolitan Business Academy, and New Haven Academy) over the course of two days. The 11th graders in the smaller high schools will be bussed to one of the participating high schools.
Cooperative Arts and Humanities High School will host workshops and panel discussions for parents of students of all ages (preK-12) April 10th from 6:30pm to 8:30pm This event will include workshops and panel discussions with college admissions officers to provide parents with valuable information in the areas of college planning, the college application process, and financial planning. All workshops and panels will be done in English and Spanish. The workshop presenters including representatives from NHPS, colleges and universities, public and private sectors of New Haven, community based organizations, and financial institutions. For more information, visit the Guidance Department website here.
Easter Egg Hunt Rescheduled
The Annual Easter Egg Hunt which had been scheduled for last weekend has been moved to the rain date, Saturday April 7, due to poor weather forecasts. The Department of Parks, Recreation, and Trees, aided by volunteers from Southern Connecticut State University will host the annual Easter Egg Hunt on New Haven Green. Activities include professional photos with the Easter Bunny ($5), catch-it cones, kaleidoscope making, crafts, Zumba, races, and face painting. Free frisbees and plants in a pot for every child that attends. The egg hunt begins at 10 a.m., the rest of the fun starts at 10:30 a.m.
Contact Name: Elizabeth Benton
Contact Email: firstname.lastname@example.org
Contact Phone: 203-946-8200