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Council tables $100,000 pre-authorization to Torrington Development Corporation after oversight concerns
Summary
Council debated a request to pre-authorize up to $100,000 from the city Blight Fund for rehabilitation of downtown properties; TDC said an immediate drawdown might be $10,000–$15,000 for legal and stabilization work, but councilors pressed for line-item detail and questioned the fund balance; motion to table passed.
Torrington — The city council on Tuesday debated whether to pre-authorize the Torrington Development Corporation (TDC) to draw up to $100,000 from the City of Torrington Blight Fund for rehabilitation at 93 Main Street and 30 Maiden Lane, but members ultimately voted to table the request.
Valerie Farrell of Good Earth Advisors, speaking for the TDC, said the group has used prior blight and ARPA funds for legal work, environmental data-gap analysis, market study and…
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