Three months after New York-based Ideanomics indicated it would put its $400 million West Hartford Fintech Village project on ice to focus on its core business, the project appears all but dead after the town earlier this week inked a right-of-first-refusal agreement with the company to potentially take back land that formerly served as a UConn satellite campus. Councilors approved $150,000 to hire outside consultants to evaluate the condition of the property and help formulate a strategy for its reuse and redevelopment, and authorized the town manager to pursue financial assistance to assess, remediate or redevelop the property. If the town declines its right-of-first refusal and Ideanomics ultimately sells the property to another party within one year’s time, the company has agreed to reimburse the $150,000.
https://www.hartfordbusiness.com/article/ideanomics-w-hartford-tech-campus-project-appears-dead?utm_source=Newsletter&utm_medium=email&utm_content=Distribution+Hub+%7C+FinTech+Village&utm_campaign=HBJ+Today+062520