The Preston Redevelopment Agency on Tuesday approved a term sheet that outlines the complex contractual agreement between the state Department of Economic and Community Development, the town of Preston and the Mohegan tribe, which will take over ownership of the property for a major redevelopment once the cleanup is completed. The agreement must be approved by the Board of Selectmen, which will vote on it Thursday. That move would launch a final Financial Assistance Proposal, which all parties also must approve, along with a town meeting vote to accept a $7 million state grant for the cleanup. The town previously had secured a $2 million loan toward the cleanup, bringing the final funding to $9 million. With all the pieces nearly in place, Nugent said the PRA could secure town permits for the final cleanup and use the less than $1 million in previous state grant money to restart the cleanup late this fall.
https://www.theday.com/local-news/20210914/key-hurdles-cleared-to-allow-final-cleanup-of-former-norwich-hospital-property-to-restart