Ideanomics, state ink deal to begin W. Hartford redevelopment in July

UConn’s board of trustees last week finalized an amended purchase and sale agreement to allow Ideanomics to substitute an existing $8 million surety bond with a performance bond worth approximately $4 million. Release of the surety bond will allow Ideanomics to unlock capital currently earmarked as collateral for additional environmental remediation needed at the 58-acre site. Environmental work and demolition of four of five buildings on site is now scheduled to begin in mid July, a source familiar with the project said Monday.

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