How much has been committed to Storrs Center by the Town, UConn, and master developer LeylandAlliance thus far?
With respect to planning and operations, the Town and the University of Connecticut have each invested over $500,000 over a 7 year period. The Town and UConn have committed $125,000 each in operational funding for the Partnership in FY09/10, the same as in FY07/08 and in FY08/09. The Town is committed to the $293,200 local match required for the federal Transportation Enhancement Grant of $1,173,000 for Storrs Road improvements. The Town has committed $280,000 for relocation expenses. The Town and master developer LeylandAlliance have agreed in principle to share the cost of relocation, but this agreement needs to be codified within any development agreement between the parties. To date, the Town and developer LeylandAlliance have each spent $40,210 for the three relocation claims submitted. UConn’s relocation costs include the renovation of Lakeside Apartments to accommodate University Communications, the Nayden Health Clinic and the future relocation of the School of Fine Arts’ uses
