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S&P GLOBAL RATINGS RAISES OUTLOOK ON HARTFORD

S&P GLOBAL RATINGS RAISES OUTLOOK ON HARTFORD

HARTFORD, CONN (July 9, 2019) – Last week Standard & Poor’s Global Ratings revised its outlook from stable to positive on the City of Hartford’s long-term issuer credit rating, as well as on the Hartford Stadium Authority’s bonds.  The report said that, “[t]he positive outlook reflects Hartford’s improving management environment and financial controls, which have yielded balanced operations and greater operating flexibility,” and it cited, “better budgeting, and better forecasting and planning,” as one reason for the revised outlook. 

“This ratings action is another affirmation of the hard work we have done over the last few years to tackle our fiscal crisis directly, honestly, and comprehensively,” said Mayor Luke Bronin.  “For the first time in a long time, we have a serious, transparent financial plan that gives us a foundation to build on as we work to promote growth across our city.”

This ratings action comes after Moody’s upgraded the City’s issuer ratings in March of this year based on a “stabilizing financial position and improved liquidity” thanks in part to “cost saving measures taken by the city through labor contract agreements and tight expenditure controls.” 

“The ratings action by Standards and Poor’s is confirmation that we are on the right track,” said Treasurer Adam M. Cloud.  “For me, it serves as motivation to keep doing the work on behalf of the Capital City and its residents that maintains the confidence in Hartford and its leadership team, including the Mayor, the Treasurer, and the City Council.”

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JURY VINDICATES HARTFORD’S DECISION TO TERMINATE FORMER BALLPARK DEVELOPER, REMOVING BIGGEST OBSTACLE TO DEVELOPMENT

JURY VINDICATES HARTFORD’S DECISION TO TERMINATE FORMER BALLPARK DEVELOPER, REMOVING BIGGEST OBSTACLE TO DEVELOPMENT

HARTFORD, CONN (July 2, 2019) – Today a Connecticut Superior Court jury unanimously ruled in favor of the City of Hartford in the lawsuit filed by Centerplan Construction, which was selected by the prior administration in 2015 to build Dunkin’ Park.  Mayor Bronin fired Centerplan in June 2016, and got Centerplan’s insurance company, Arch Insurance, to take responsibility for completing the stadium without additional taxpayer money. 

“Today’s ruling is a complete vindication of our work to protect taxpayers from bearing even more cost to finish the stadium project we inherited,” said Mayor Bronin.  “When we took office, the stadium project was far behind schedule and way over budget, and instead of asking the taxpayers to pay for the developer’s failures, we drew a line in the sand and held the developer accountable.  This is a major victory for the City of Hartford, and we are eager to move forward with the development of the parcels around the ballpark.  I want to thank our legal team, including Corporation Counsel Howard Rifkin and Leslie King and her attorneys at Murtha Cullina, for their outstanding representation of the City over the last three years.  I also want to thank City staff in many departments who spent a tremendous amount of time both getting the stadium built and participating in the litigation, including Sean Fitzpatrick, Mike Looney, and Roger Martin, among many, many others.” 

“First and foremost, I want to thank our legal team and city staff who worked so hard to bring us to this point,” said City Council President Glendowlyn L.H. Thames.  “We stood our ground and protected the interests of Harford residents in this important litigation. Now, with this significant hurdle behind us and a developer already in place, the city is well positioned to accelerate the development of the Downtown North parcels around the ballpark. I look forward to getting shovels in the ground on the first parcel.”

“It has been a privilege to represent the people of Hartford, and we are thrilled that the jury so clearly and thoroughly ruled in the City’s favor,” said Leslie P. King, a partner at Murtha Cullina and the City’s lead outside attorney in all litigation related to the stadium project.  “In the vast majority of development disputes, taxpayers end up bearing the cost of completing the project, so it was a bold decision for Mayor Bronin to fire Centerplan and go to trial.  Today’s verdict demonstrates that it was clearly the right decision.”

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HARTFORD COMMEMORATES 50TH ANNIVERSARY OF STONEWALL RIOTS

HARTFORD COMMEMORATES 50TH ANNIVERSARY OF STONEWALL RIOTS

HARTFORD, CONN (June 28, 2019) – Today Mayor Luke Bronin joined members of the Stonewall 50 Hartford Planning Committee to commemorate the 50th anniversary of the Stonewall riots and discuss “Pride Under the Stars,” a public event to mark the Stonewall anniversary.  “Pride Under the Stars” will take place this evening at 6 PM on Burr Mall and it will feature drinks, food, a public art presentation including projections of events in LGBTQ+ history, and DJ Ephraim Adamz, a Hartford resident who will also be playing at World Pride in New York City.  The event is sponsored by Stanley Black & Decker and TheaterWorks.

“The movement for LGBTQ+ rights started long before Stonewall, but it was a galvanizing moment in the fight for true equality and we’re proud to commemorate this fiftieth anniversary as a community,” said Mayor Luke Bronin.  “We have come a long way, but we have a lot more work to do as a city and as a country.  We want our city and our country to be a place where you can live openly, proudly, safely, and happily, no matter who you love or how you identify.  I want to thank the Stonewall 50 Hartford Planning Committee for their months of work to put together a terrific event, and I also want to thank Stanley Black & Decker and TheaterWorks for their generous support.”

Mayor Bronin also announced the appointment of David Grant to serve as the City of Hartford’s first LGBTQ+ Liaison in the Mayor’s office, in addition to his current role as an Executive Assistant, where he assists with City Council legislative business and a range of other responsibilities.  Since joining the city last year, Grant has helped change internal city forms to be more inclusive of LGBTQ+ employees and trained the City’s Reentry Welcome Center staff on how to engage with LGBTQ+ individuals returning from incarceration.  He has also helped lead the Stonewall 50 Hartford Planning Committee and currently serves on the Hartford Pride committee.

“David is an important member of my team, and I am excited that he has agreed to serve officially as our LGBTQ+ Liaison, a role he has played informally for some time,” said Mayor Bronin.

“The evening program is an opportunity for the LGTBQ+ community and allies to unite and celebrate, and it will also be informative,” said Charlie Ortiz, Executive Director of Claro and the Chair of theHartford Pridecommittee, who is also a member of the Stonewall 50 Hartford Planning Committee.  “We will be projecting images and short documentaries.  The event will be held at Burr Mall, which is strategically located at the crossroads of several residential developments and cultural assets, offering a great opportunity for social integration.”

“At Stanley Black & Decker, we know that diverse perspectives are essential for achieving our vision and living our purpose – which is to support and advance those who make the world,” said Fiona Mohring of Stanley Black & Decker.  “We’re proud to be headquartered in New Britain, Conn., where we have been part of the Greater Hartford community for 176 years. We feel that there is no better way to demonstrate our commitment to diversity and inclusion than by supporting the LGBTQ+ community in our own backyard.”

“It has been enormously satisfying to collaborate with the City and other cultural and service organizations to mark this important milestone,” said Eric Ort, the Artistic Associate at TheaterWorks and a member of the Stonewall 50 Hartford Planning Committee.  “If Pride Under the Stars has as much good spirit, respect, and affection as the committee meetings, it will be a remarkable evening.  TheaterWorks actively looks for ways to connect communities and so, naturally, we wanted to be part of this historic anniversary.  The anniversary of Stonewall is an opportunity to celebrate, but when we gather, we are also putting a stake in the ground to ensure that civil rights for all people continue to expand.”

Members of the Stonewall 50 Hartford Planning Committee include representatives of: Buzz Engine; the Connecticut Historical Society; TheaterWorks; the Wadsworth Atheneum; the Hartford Gay and Lesbian Health Collective; YWCA New Britain Sexual Assault Crisis Service; Hartford Gay Men’s Chorus; Capital City Pride; the Obama Foundation’s Community Leadership Corps; the Hartford Symphony Orchestra; Out Film CT; LGBTQ+ Commission; Journey Writers; and other local residents.

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