Colliers International has been selected to market for sale the 58-acre former University of Connecticut campus in West Hartford following the collapse of plans for a Fintech Village by the current owners, Ideanomics.
In a sign West Hartford leaders worry a planned “fintech village” on the site of a former UConn satellite campus may never materialize, town councilors approved a right of first refusal agreement on Tuesday with the property’s developer Ideanomics.
The New York City company that’s been planning a “Fintech Village” in West Hartford said it may be unable to proceed without adding a financial partner.
Facing a reduced tax bill following town officials’ decision to reevaluate how its West Hartford property would be taxed, developer Ideanomics has dropped its lawsuit against the town.
A class action lawsuit alleges that executives of the company proposing a $283 million “Fintech Village” in West Hartford made false and misleading statements to investors about the company’s prospects and inflated its stock price.
A New York financial services firm’s blueprint to transform the 58-acre former University of Connecticut campus in West Hartford is set to be revealed on Friday, after resolving a financial dispute over the costs of environmental cleanup.
