“... as a matter of basic fairness, the city should not represent one rate as a 'closely analyzed…fair estimate' when a project is undertaken, then turn around and quadruple it."
-Alderman Doug Hausladen
Click image below to view video
This website is meant to help inform public discussion about 360 State Street's tax problem. Sponsored by 360 State Street's owner, The Multi-Employer Property Trust (MEPT), and developer, Bruce Becker, the site includes access to public documents, links to relevant articles, a Q+A section, a video and a petition. Our aim is to be completely transparent, because we believe that a full examination of the facts will lead fair-minded people to urge the City to be true to its word and set the tax assessment for 360 State Street so that it is consistent with the projections that both the owner and the City relied upon when they decided to move forward with the project.
We encourage you to read the timeline, which gives a brief overview of the issue. You can read relevant articles online and join the discussions that follow. The Q+A section on this site addresses many of the questions raised in those discussions and by alderpersons who have heard from their constituents. If you are a resident of New Haven please contact your alderperson and let them know what you think. No matter where you live, we welcome you to sign the petition.
Background regarding the effort to find an aldermanic solution to the tax problem
Alderman Doug Hausladen submitted a letter to his fellow Alderpersons on July 31, 2012, asking them to address the 360 State tax problem
“... as a matter of basic fairness, the city should not represent one rate as a 'closely analyzed…fair estimate' when a project is undertaken, then turn around and quadruple it. This is a signal for development that New Haven is not a predictable environment to invest money and bring jobs to our city.... I would propose we resolve this issue as quickly as possible in a manner as fair for all parties as possible.... We all want to bring broad-based prosperity to the city while protecting the retirement funds of working people. Let’s rise to the occasion and do so.”
Read the full submission to the Board of Aldermen, which includes the cover letter and 10 exhibits. This submission proposed a multi-year fixed-payment arrangement to set 360 State Street's taxes and assessment at a level consistent with the estimates provided by the City which were the basis of MEPT and the Board of Aldermen's approvals.
The City has suggested that a fixed assessment would be more appropriate than a fixed-payment arrangement. Read the transmittal to the Board of Aldermen from September 3, 2012, which responds to the City's concerns and includes an alternate proposal.
This is an important issue for the City of New Haven. If you are a resident of New Haven, we urge you to contact your alderperson and let them know what you think.