A $115 million development project to transform the former Showcase Cinemas property nestled between Silver Lane and Interstate 84 has been delayed by more than a year. Developer Brian Zelman, who has partnered with developer Avner Krohn on the project, said Monday that the last hurdle was the East Hartford Town Council’s approval last month of a long-term agreement that will allow them to close on the property. The other major challenge, Zelman said, was the complicated nature of conditions tied to the use of public funds. The town and state have invested a combined $10 million into the development of the project so far, not counting the $6 million the town spent to acquire the property. Ultimately, the conduit for addressing those burdens was having the Connecticut Regional Development Authority oversee the expenditure of $7 million in state grants. Marissa Baum, spokeswoman for the town, confirmed that a groundbreaking is on track to happen when construction season begins.
https://www.stamfordadvocate.com/journalinquirer/article/east-hartford-concourse-park-showcase-cinemas-20020698.php