STRATFORD, Conn. (AP) _ Stratford Mayor John Harkins says developers have signed an agreement to buy a 77-acre former Army engine plant at the mouth of the Housatonic River with plans for homes, shops and industrial businesses.
Harkins announced the deal between the Army and Point Stratford Renewal on Wednesday. He says the development will bring much needed jobs and economic activity to the site, which has been vacant for 18 years.
Point Stratford Renewal is a partnership between three Connecticut companies– Loureiro Properties, Development Resources and Sedgwick Partners.
Development plans are pending and must be approved by the town. Industrial contaminants will have to be removed from the site.
The plant was developed in 1927 for Sikorsky Aircraft and used to make aircraft, aircraft engines and other aerospace products.
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