East Hartford is gearing up for a multimillion-dollar effort to revitalize its dingy Silver Lane corridor by acquiring multiple large, dated and underperforming buildings for redevelopment. City officials are moving to adopt a strategic plan, developed under a $50,000 contract by East Hartford-based real estate advisors Gorman + York. The plan – which will be the subject of a public forum next Wednesday – seeks to stop the decline of the Silver Lane corridor. The town has access to funding for a grand effort. Connecticut lawmakers have allocated $60 million to East Hartford redevelopment in recent years, according to Michael Freimuth, executive director of the Capital Region Development Authority. The money would flow through his agency, which has so far pledged to use $9 million for Silver Lane redevelopment.
https://www.hartfordbusiness.com/article/east-hartford-eyes-silver-lane-acquisitions-to-redevelop-dingy-commercial-corridor