Date: Fri 19-Mar-1999
Date: Fri 19-Mar-1999
Publication: Bee
Author: CURT
Quick Words:
edink-Fairfield-Hills
Full Text:
ED INK: Fairfield Hills: An Informed Decision
With the selection last week of four firms as finalists in the process leading
to the redevelopment of the 186-acre core campus at Fairfield Hills, the
town-state partnership for shaping the future of this key property in the
heart of Newtown entered a critical phase. Over the next three months, a final
decision about development options for Fairfield Hills will be made. From the
town's perspective, the most important decision will be whether to let full
scale development of the property proceed according to the prerogatives of a
private owner, or whether to reserve those prerogatives for the people of
Newtown by purchasing the property with public money.
Fortunately, for now, the best route to either option follows a common path.
Whether Fairfield Hills is given up for private development or reserved for
more public uses, an assessment must be made of the environmental and economic
consequences of the property's transformation. The state says it has
information on the environmental problems at Fairfield Hills that should be
enough to provide at least an inventory of the hazards. It may be necessary,
however, to provide more detailed information to the prospective developers
and the town so accurate cost estimates for environmental clean-ups can be
figured into the eventual purchase price of the property.
The town will also need to calculate its expected revenues and expenses
associated with the full-scale development of the property. It may be that the
large residential component of each of the four finalist plans for private
development of Fairfield Hills may end up costing the town as much or more in
additional demand for public services than it stands to benefit from
additional tax revenues.
By June or July, when the state and town representatives on the Fairfield
Hills Selection Committee have made their final selection of a development
firm, the state will then allow the town to exercise its right of first
refusal on the property. When it comes time for the town to decide whether or
not to buy the 186-acre core campus at Fairfield Hills, it will have to have
some facts in hand. To date, debate about the merits of the public or private
acquisition of Fairfield Hills has had to rely on the vaguest of assumptions
of costs and benefits. If the process is to lead to an intelligent and
informed decision by the town, all assumptions will have to be replaced by
projections based on hard information.
The state-sponsored development selection process may be coming to an end, but
the town still has a lot of work to do to prepare an answer to question we all
know is coming from the state: Does Newtown want to buy Fairfield Hills or
not?