CT SB01559

Capital Region Development Authority becomes successor to MIRA Dissolution Authority for the South Meadows site (300 Maxim Road and 100 Reserve Road in Hartford) effective June 30, 2025, receiving the properties and remaining MIRA resources after a $5 million transfer to a separate fund

South Meadows site and personal property exempt from property taxes until development/redevelopment projects commence, with state tax revenue generated by completed projects retained by the Authority for reinvestment in the site

Streamlined permitting process established requiring state agencies to issue licenses, permits, and approvals within 10 business days of application, with municipal ordinances and regulations preempted for South Meadows projects

State required to indemnify the Capital Region Development Authority for pre-existing environmental contamination and title defects at the site, including hazardous materials such as asbestos, PCBs, PFAS, and petroleum products

South Meadows development district formally established with defined boundaries in Hartford's South Meadows area, bounded by Wethersfield Avenue, the Connecticut River, Interstate 91, and U.S. Route 5