Hartford Business Journal

April 17, 2017

Issue link: https://nebusinessmedia.uberflip.com/i/811530

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For more B2B news visit Subscribe online Don't miss being a part of biggest sales lead generation day of the year on June 8th 2017 Introducing the ALL NEW APRIL 17, 2017 Volume 25, Number 17 $3.00 G R E AT E R H A R T F O R D ' S B U S I N E S S N E W S w w w. H a r t f o rd B u s i n e s s . c o m Index ■ Week in Review: PG. 6 ■ Focus: PG. 8 ■ The List: PG. 11 ■ Deal Watch: PG. 12 ■ Nonprofit Notebook: PG. 15 ■ Movers & Shakers: PG. 15 ■ Opinion & Commentary: PG. 20 Mobile Money Online-mobile payments vendor Payveris LLC recently received the last chunk of a $10 million investment that, while opening doors to new customers, could finally land the five-year-old Connecticut startup in the black this year, its new CEO said. PG. 3 EXECUTIVE PROFILE Legacy Preserver Don Tuller, like the six generations before him, has had to adapt and be resilient farming West Simsbury's 265-acre Tulmeadow Farm, which his family has run for 249 years. PG. 5 Greater Hartford restaurant scene becomes more creative, competitive By Karen Ali Special to the Hartford Business Journal F ueled by social media sites like Insta- gram, where restaurants can showcase picture-perfect, mouth-watering dish- es, and the popularity of celebrity-themed cooking shows, Greater Hartford's dining landscape has become more sophisticated over the last decade, local restaurateurs say. Chefs today are seen as entertainers, and dining out and eating new and adventurous food is viewed as something to get excited about. That, along with good economic conditions Hartford reverses few property-assessment appeals By Gregory Seay gseay@HartfordBusiness.com T he city of Hartford has wrapped up its hearings of this year's property-assess- ment appeals, with only 148 properties receiving lower assessed values following an Oct. 2016 revaluation that led to a significant spike in many commercial property values. Owners of the city's largest taxable prop- erties who lodged an appeal were rebuffed, failing to convince the three-member appeals board to curb their assessments, according to City Assessor John S. Philip. That means many downtown Hartford landlords — already concerned about the city's exorbitant 74.29 mill rate — are likely to expe- rience a significant property-tax hike, as the value of the city's real estate, personal property and automobiles climbed about 10 percent this year as a result of the revaluation. Commercial properties and apartment build- ings saw the largest property-value increases. For example, Hartford's Stilts Building on 20 Church St., whose New York owners filed an assessment appeal but were rejected, saw Owners of Hartford's Stilts building weren't successful lowering the property's assessed value. Continued on page 14 Continued on page 13 Foodies' Delight Al Gamble is among the well-known Greater Hartford restaurateurs opening new establishments. His latest concept is Butchers & Bakers in Farmington. P H O T O | S T E V E L A S C H E V E R H B J P H O T O | G R E G B O R D O N A R O

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