Norwich City Marina Deal Falls Through
May 3, 2011
TheDay.com reports that the owners of Marina at American Wharf have announced that the City of Norwalk, Connecticut, will no longer be part of negotiations to buy the marina.
American Wharf had approached the city in April offering to sell the marina and any land the city didn’t already own for $675,000. The Norwalk City council approved a resolution authorizing the city manager to begin negotiations, but on Monday tabled action on the bonding ordinance that would allocate the purchase price.
Theodore Phillips, an attorney for American Wharf Development Company, is quoted as saying, “The city failed to take advantage of [the] opportunity [to buy the marina]. Instead we will make arrangements with other parties, and the city will be obliged to consent to any financially responsible party that AWDC chooses.”
City officials were apparently caught off-guard by the announcement.
To read more:
New England Boating (April 28, 2011): Norwich, CT, City Marina Plans Move Forward
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