By Brian Gioiele, Connecticut Post
The focus of the city’s continued revitalization of Canal Street has now turned to the historic Star Pin Co. building, which was built in 1875 and has sat vacant for some 15 years.
The state Department of Economic & Community Development, on Dec. 19, announced it has approved a $750,000 grant for the remediation of hazardous building materials from the building at 267 Canal Street, which the city foreclosed on months ago for back taxes.
“This happens a lot in Connecticut,” said Mayor Mark Lauretti about the foreclosure, adding that the city foreclosed on the property because of about $600,000 owed in back taxes. “But you have to finally recognize that we’re never going to recover that, it’s abandoned. The best thing to do is cut your losses and get the property back on the tax rolls. We, as a city, have been pretty successful at doing that with several properties in downtown.”
For the entire article, see