Elected officials plan to discuss government incentives for Port Eastside LLC, a company looking to revitalize an area bordering the Connecticut River with mixed-use development. Mayor Mike Walsh announced earlier this month that he will leave his position in November to help organize the plan, named Port Eastside, without payment from any parties involved. Nicholas Michnevitz III, president of West Hartford-based MBH Architecture and a principal of Port Eastside LLC, said Tuesday night that he expects the project will see “hundreds of millions of dollars” of investments put into the area from a number of partners over five to eight years of work. Walsh said the Town Council has a number of potential incentives it could provide to Port Eastside LLC, but the best option would likely be an “improvement district” that would fund amenities using a portion of tax revenue generated by the new development.
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