Hartford’s city council has voted to begin eminent domain proceedings against the owner of the abandoned Capitol West building.
The building’s owner, Joshua Guttman has been seeking $2 mil to sell the building, but city officials scoffed at the asking price and have offered $1 mil. The city will also have to pay $2.5 mil to tear the building down, including the cost of remediation of pollution and asbestos.
But its an eyesore for thousands of motorists who pass on I-84 every day and who work at two big insurance firms, The Hartford and Aetna.
The Hartford Financial Services Company has offered to contribute $2 mil toward demolition.
Mayor Pedro Segarra said officials have exhausted all other options and they need to acquire it and bring it down as soon as possible.