Your site was a breath of fresh air. I'm
happy to see someone thinking sensibly about what Utopia is
doing. I live in Preston, the town full of idiots and )many
of them being misled) money hungry individuals who opened
the floodgates to massive developments. Property values and
taxes will rise. I find it hypocritical my town's leaders
are against the zoning change in Ledyard that could
potentially bring big boxes and hotels to route 2 after they
approved a project that would bring in 22,500 workers (most
of whom will be low income despite what the claims are) and
countless visitors. Between casino expansion, the MGM plan,
and North Stonington Studios this tiny region could see more
jobs than there are people in Norwich created by a handful
of companies. Indirectly, tens of thousands more are sure to
come (gas stations, supermarkets, schools, etc). Think on
the bright side: your B&B will be worth a mint if all this
goes up. The Mohegans are going to announce another billion
dollar expansion soon, they hope in October to coincide with
the 10 yr anniversary.
I've been telling people I know that I think
Greenville might be gentrified given all the mills right
along the water. In Providence developers have been taking
advantage of brownfields grants to cheaply convert mills
into condos and offices, this is exactly what I think will
happen in Norwich if it really takes off. I have been
thinking of buying my first house there, ideally a run down
multifamily, to get in early. I'm not asking you for
financial advice, just your thoughts on what you see the
"big picture" looking like.
Oh.... BTW, Mohegan and Foxwoods don't have
a ton of rooms available. They run at 93% occupancy, which
is extremely high. Yes they give a lot of them away, but
they give them to gamblers. I'm sure the best suites are
hard to book.
-Joe
LONDON