Bigger public buy-in may resolve trash-plant redevelopment stalemate

Under an agreement inked this week between the state’s selected developer, Sacyr Rooney, and the quasi-public Materials Innovation Recycling Authority (MIRA), which oversees the Mid-Connecticut plant and related facilities, MIRA agreed to finance the waste-to-energy portion of the project entirely on its own — a cost estimated at between $120 million and $140 million. That deal structure is “somewhat different from what DEEP had originally envisioned,” said Lee Sawyer, director of planning for materials management at the Department of Energy and Environmental Protection. “It requires greater investment of public funds through MIRA revenue bonds.”

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