Coltsville Reloaded

The Connecticut home of the gun manufacturing giant has been dead for decades, but Colt Gateway, a tax-increment financing project, could give it new life.

1 minute read

January 22, 2006, 5:00 AM PST

By David Gest


"Renovation of the Colt complex took more than a decade to get off the ground. The environmental cleanup of the old industrial site, and the demands of historic preservation, promised to make it an expensive, lengthy project. So when Homes For America Holdings…agreed to buy the complex in summer 2002, city development officials embraced them with open arms..."

"In December the city approved a tax-increment financing (TIF) plan, selling a bond -- that is, borrowing money -- and giving it to Colt Gateway in the expectation that the complex will pay higher taxes in the future. The company will get $7.4 million, about 6.8 percent of its total budget for the redevelopment plan. The deal has the effect of giving the complex an advance payment on a big, multi-year tax break. Hartford's policy governing this first-of-its-kind deal requires that the project not be able to go forward without the gift from the city."

Thursday, January 19, 2006 in Hartford Advocate

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Use Code 25for25 at checkout for 25% off an annual plan!

Redlining map of Oakland and Berkeley.

Rethinking Redlining

For decades we have blamed 100-year-old maps for the patterns of spatial racial inequity that persist in American cities today. An esteemed researcher says: we’ve got it all wrong.

May 15, 2025 - Alan Mallach

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

4 hours ago - Diana Ionescu

Rendering of California High-Speed Rail station with bullet train.

California High-Speed Rail's Plan to Right Itself

The railroad's new CEO thinks he can get the project back on track. The stars will need to align this summer.

May 19, 2025 - Benjamin Schneider

Red SF Muni ticketing machine.

San Francisco Muni Raises Fares a Second Time

A 10–cent fare hike for adults is part of the agency’s plan to chip away at a growing budget deficit.

1 hour ago - San Francisco Examiner

Electric car charging station with several Chevy Bolts charging in parking lot of store in Bellingham, Washington

Electric Grid Capacity Could Hamstring EV Growth

Industry leaders say the U.S. electric grid is unprepared for the increased demand for power created by electric cars, data centers, and electric homes.

2 hours ago - GovTech

Top view new development riverside residential and commercial neighborhood with vacant land in Texas, USA.

Texas Bill Supports Adaptive Reuse in Commercial Areas

Senate Bill 840, which was preliminarily approved by the state House, would allow residential construction in areas previously zoned for offices and commercial uses.

3 hours ago - The Texas Tribune

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.