The 1.2-acre surface lot at the corner of Broad Street and Capitol Avenue is on a priority list of state-owned properties located in federal “Opportunity Zones” that could be sold for redevelopment, with the intent of strengthening city neighborhoods, getting the properties back on the property tax rolls and giving investors tax incentives. The parking lot — now used by state employees during the week and the public on weekends — comes up for sale without an asking price as the debate over the number of parking lots in locations around the city prime for redevelopment has again heated up in recent months. The area is zoned for mixed-use redevelopment and could potentially build on other recent redevelopment projects in the area, the largest being the conversion of the former Hartford Office Supply building — now the Capitol Lofts — into 112 mixed-income rentals. The $36 million project. which included $7 million in state-taxpayer backed loans from the Capital Region Development Authority, was completed in late 2016.
https://www.courant.com/business/hc-biz-hartford-capitol-avenue-parking-lot-sale-20210405-z7cglltgjfdj7amnrl4lzmk75y-story.html