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09-21-06 Minutes
This meeting was held in the Pine Point School auditorium in order to accommodate
a public information session on expansion of the Hoyt Cinemas property on Route 2.

The meeting was called to order by Chairman Blunt White at 7:08 PM.  Present were: Blunt White, Gary Bennett, John Dionne, John Delmhorst, Ed Habereck, Mike Latham, Jim Oberhelman, Ed Hart, and Ed Dear.

The minutes of the June 15, 2006 meeting were approved.

Old Business:  The Prospect Place project on Mechanic Street recently had a ground breaking ceremony; the commission was represented by Blunt White and John Delmhorst.  Construction financing has been obtained through Chelsea Groton Bank and several of the units are under reservation.

New Business:  Chairman Blunt White introduced Mike Lech and Wayne Frazer of Readco, a real estate development and management company which developed the Hoyts Cinema project in 1997.  Readco still owns and manages that property.  The planned expansion would involve a 68,770 sq. ft. building for a Super Stop and Shop, three pad sites for a 5,800 sq. ft. Chili’s Restaurant, a 3,500 sq. ft. future bank, and a 3,200 sq. ft. additional restaurant.  In addition, the current movie theater building would be expanded by 11,412 sq. ft. to accommodate two additional movie screens with stadium seating.  It is anticipated the project will add $200,000 in real estate taxes to the Town and $18.000 in taxes to the Pawcatuck Fire District.  Commission members as well as the public asked numerous questions on aspects of the project.  Gary Bennett made motion that the EDC support this project and that Chairman White be instructed to forward a letter of support to the Planning and Zoning Commission.  The motion was seconded and passed.

In open forum on other business, Carleen Donnarumma requested an update on the various mill projects.  Jason Vincent stated the Stillman Avenue mill needs additional funding for underground utilities.  The Thread Mill project has an issue with fire exits/staircases and is working to resolve them with the owner of the other portion of the property.  The Mystic Harbor Mill project needs to replace its financing as their lender had decided not to fund the project.

This meeting was adjourned at 8:15 PM.

Respectfully submitted,

John R. Delmhorst,
Secretary