Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Judge denies receivership termination; Torrington remains on path to solicit developer sale for Yankee Peddler site
Summary
City and Trident Development Corp. petitioned the court to authorize sale of the Yankee Peddler property to selected developer Parker Benjamin; a court denied the defendant's petition to terminate the receivership and set a hearing on the sale for Sept. 24.
Torrington officials told the Board of Finance on Aug. 19 that a state court denied a petition by the defendant in the Yankee Peddler receivership to terminate the receivership and retain the property, keeping the city’s planned sale process on track.
The city and the Torrington Development Corporation earlier petitioned the court to authorize sale of the property to a preferred developer selected through a competitive process. The preferred developer, Parker Benjamin, was chosen after a request-for-proposals…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
