Wednesday, November 16, 2005

Ankles and Economic Development

Well, I reinjured my ankle, the one that I hurt last year attending the opening of the new Nation's Market on State Street near the corner of State and Ride. X-Rays done, MRI to follow. Fun, fun.

This made me think of the Nation's Market and I thought that I would give you an update from what I know about the situation.

Nation's Market was doing very well and just didn't quite have the resources to make it to the point of profit that they needed to be at for a successful business plan. It has been said that the owner was only a month or two away, but it didn't work out.

Luckily, when the Town contracted with the landowner for the major improvements conducted with State Economic Development Grant funds, we included language that requires the owner to give the community a grocery store at this location for at least 5 years or risk having to pay the Town a portion of the funds back.

From what I know, the owner is working with our Economic Development Coordinator, Dale Kroop, in an effort to talk to several potential grocers. I will keep you posted here as soon as I hear of anything definitive.

In other Economic Development News, it was great news to hear that Panera Bread and Strawberries Record Store will be opening in the addition being constructed on the Hamden Plaza. Is the Magic Mile is showing glimmers of its old magic ....

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