Hartford Business Journal Special Editions

Business Champions 2015 — June 8, 2015

Issue link: https://nebusinessmedia.uberflip.com/i/523455

Contents of this Issue

Navigation

Page 2 of 39

www.HartfordBusiness.com June 8, 2015 • Hartford Business Journal 3 H A R T F O R D MAYORAL RACE 2015 Killian vows to rein in Hartford's property taxes By John Stearns jstearns@HartfordBusiness.com R obert Killian Jr., 68, will have to add a campaign button to his office desk lampshade — one with his name on it — to join the dozens pinned there already that he's collected from past elections. The Hartford native, longtime lawyer, and recently retired probate judge is among Dem- ocrats vying to unseat Hartford Mayor Pedro E. Segarra in the Democratic primary. Killian is a partner with Thomas "T.J" Donohue Jr. in Killian & Donohue, which occupies space at 363 Main St., above Peppercorn's Grill. "I'm not content with the path we've been taking the last few years, and I'm not talk- ing just about during Pedro's tenure," Killian said. "I'm talking about longer than that, when we've kidded ourselves about the reality of how history is changing the role that Hartford plays in the Greater Hartford region." Killian, whose practice areas include cor- porate law and real estate development and who serves as a mediator, began his full-time law career in the '70s at Gould, Killian and Krechevsky in which his father, the late Rob- ert Killian, was a partner. His father was also a former Connecticut attorney general and lieu- tenant governor. Killian, a Georgetown University law graduate, was elected probate judge for the District of Hartford in November 1984 and held the post for 30 years until stepping down in April to run for mayor. He is married to Candace, a paralegal at his firm. They have two grown daughters. How would you assess Hartford's current economy? What are your top two economic development priorities to improve the city? Disastrous. Downtown Hartford and the city as a whole have seen property values in a free fall for different reasons. We dramatically overbuilt downtown Hartford commercial property over the years, and we have created challenges for the neighborhoods where most of our people live. We're going to face a state- mandated revaluation in a couple of years, and it's going to further skew our disastrous slide in terms of property values. If we don't turn things around, we're going to be bankrupt within the next two or three years. That's a reality. We're going to have to show some real fis- cal discipline — a difficult thing to do when you're in a city with as many challenged peo- ple as we have in Hartford, but the one way I know you can't do it is by pumping whatever discretionary money you think you have into amenities like ball fields. I hate to be a crep- ehanger, but I don't believe that in the foresee- able future any of the housing components of the so-called DoNo [Downton North] project will ever be built without extraordinary gov- ernmental contribution. Economic development is a misnomer. If you're asking me what new major projects am I going to build, the answer is pretty simple, prob- ably none. We don't have the money to fund new initiatives, nor do we really have an idea of what new initiatives would be worthy of funding. What can be done to reduce the 74.29 mill property tax rate that businesses are subjected to? It's the single greatest impediment to growth in Hartford. This magical thinking that if we engage in some kind of an econom- ic initiative, manufacturing will come here, or anything else, it's folly if you're going to saddle it with a 74-mill tax rate. First of all, I would hope we're going to be able to convince the state government, which has been very generous to us, that they have to relook at how the PILOT [payment in lieu of taxes] pro- gram is handled. Currently it pays 30 cents of a dollar for some but not all state-owned property. For example, the convention center and Adriaen's Landing are not part of PILOT, and I think that should change. That's not going to be a game changer, but if we were to also get the [PILOT] payment up to 50 percent, that would be approximately a 10 mill reduction in our mill rate, from 74 to 64. With multiple transportation projects in various stages of completion, what is your long-term plan for how people will move to, from, and around Hartford? If you're talking about 10 or 15 years, the average person is going to come to work in Hartford by car. That's a reality. We're going to have to do an awful lot to improve the nature of our mass-transit sys- tems in order to entice many people out of the car into a bus or some kind of light rail. It's an issue of convenience. The Capital Region Development Authority has taken a lead role in the city's economic development. How would you assess CRDA's work so far, and how would you work with CRDA to further improve the city? CRDA's decision to dramatically enhance the investment in and the conversion of empty commercial space into new residential was inspiring. The arrival of perhaps another 1,200 or 1,400 residents to downtown Hartford is a wonderful amenity, and it will add to the vitality of the city, and I think it will have its own impact on some of the retail stores and the like here. But fundamentally what [CRDA] should do is stop the plummeting values of commercial real estate. There is a desire to come to an attractive, vibrant downtown area. We're becoming a major educational center, and that's something that people overlook between the University of Hartford, Trinity College, St. Joseph's pharma- cy, UConn Business School, UConn School of Law, the UConn Hartford branch. This makes us rival any other city our size in terms of what we're doing for education. All these institutions are situated, how- ever, in tax-exempt structures, but that's OK if we can get some of our other existing tax- payers back to value, and if we can get PILOT bumped up a little bit. And I would work with CRDA on almost anything they want to do. How will you grow the momentum in downtown brought by the new housing Continued Robert Killian Jr. spent 30 years as a Hartford probate judge, but now he wants to be the city's mayor, focusing on property taxes and values as two key economic issues. H B J P H O T O | J O H N S T E A R N S www.kelsercorp.com 111 Roberts St, Suite D East Hartford, CT 06108 860 610 2200 62% - increase in data breaches in 2014 How secure is your network? www.kelsercorp.com/cybercrime

Articles in this issue

Links on this page

Archives of this issue

view archives of Hartford Business Journal Special Editions - Business Champions 2015 — June 8, 2015