Meet the duo behind an ambitious $30M plan to build the region’s first autonomous vehicle test track facility, research center

UConn’s Board of Trustees recently approved an option agreement to sell 105 acres in the southwest portion of the school’s Mansfield Depot Campus to a private company — Promesa Capital LLC — headed by Cortese, who would lead a group of investors in developing the site as the region’s first-ever connected and autonomous vehicle test track and research facility. Under the option agreement — if all steps and zoning approvals are met — UConn would sell the Mansfield property to Promesa Capital LLC for $5 million. Promesa Capital would use its own money from investors to fund construction of the estimated $30 million test track facility, named Spectrum Park. UConn — and other entities — would use the property for different purposes. Cortese said the testing facility’s business model is to have a consortium of large companies that want to invest in the project and have a presence in the facility. Potential clients would be charged a user fee, which is how the facility would earn revenue.

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