The City Council emerged from a closed-door meeting on Tuesday to approve a one-year agreement with Advanced American Engineering that gives the company exclusive negotiating rights to work out a possible lease or development agreement with the city. In return, the city has agreed not to market the city’s waterfront with the exception of the Custom House Pier, which the city has leased to City Dock Oyster Bar & Restaurant. The proposed development zone included in the agreement with New London encompasses all of the city’s piers and docking spaces, along with the mooring field. Mayor Michael Passero said he expects a public presentation in the coming weeks. One of his goals for the city’s waterfront is to provide for more dock space that could attract more marine commerce and perhaps a portion of the mega yacht industry and “everything that comes along with that.”
https://www.theday.com/local-news/20210908/new-london-names-prime-developer-with-hopes-of-future-waterfront-activity