4 Hartford Business Journal • October 5, 2020 • www.HartfordBusiness.com
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Quest entertainment complex, and a few inde-
pendent restaurants in town, Chapman said.
The full impact of these closures won't be
clear for another few months, since the town
is allowing taxpayers to defer real estate taxes
for 90 days, Chapman said.
While the Cedar Street property has
remained vacant since National Welding
shuttered in 1994, it became more attractive
in recent years once the state Department
of Transportation built its rapid transit bus
system near it. That made the area ripe for
transit-oriented development.
An apartment complex, Chapman said,
would put residents in walking distance to
CTfastrak, which runs between Hartford and
New Britain. An office building would bring
more people into town each day, and have
proximity to the busway, offering a car-free
option for employees to get to work. Some-
thing in partnership with CCSU could also
make sense, Chapman said.
"We feel that we're close to having some
type of an offer made on the property," Chap-
man said. "Now it's a matter of a developer
coming in and making an offer for the land,
and providing a scope of development that is
appealing to the town."
>> Town Profile continued
The National
Welding site was
remediated during
the administration of
Gov. Dannel P. Malloy.
Newington
General
Land area (sq. miles) 13
Median age 45
Population 31,185
Median household income $79,181
Unemployment rate 7%
Major Employers
Hartford HealthCare
CT Dept. of Transportation
U.S. Veteran's Hospital Medical Center
Town of Newington
Data-Mail
Housing stock
Median price $229,900
Median rent $1,172
Government
Total revenue (2017) $126,467,000
Per capita tax $3,069
Actual mill rate 39.28
Grand List $2,657,248,824
Economy
Top employment industries Units Employment
Total government 22 3,164
Retail trade 140 2,764
Manufacturing 81 2,015
Top taxpayers (2019)
CL&P Company/Eversource $54,153,310
Mandell Properties $25,786,750
IREIT Newington Fair $21,509,790
Source: AdvanceCT
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