Pratt & Whitney Excess Acreage To Be Listed (Updated) | Page 2 | The Boneyard

Pratt & Whitney Excess Acreage To Be Listed (Updated)

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If warehouses are to dot the RTX land, massive #s of solar panels and wind turbines might be reasonable financial considerations. Hello, RTX, utilities, town and state govt.
 
Chin Diesel said:
I want to smoke what those on here are smoking while suggesting any new large scale manufacturing could be situated there. Not a chance.
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They don't even have any large scale manufacturing in Pratt itself.
 
Let's just build a large COVID vaccine manufacturing factory there. Plenty of government funding and desperate need. Not enough plants across this country creating the vaccine and we all need it. I don't care the company. Heck, let's make them all! (Kidding of course, but not really).
 
See post 14 for site map…




-> “This brings tremendous opportunity for economic development to Rentschler Field, which could have a very positive impact on the overall Greater Hartford area,” said Shane Eddy, senior vice president and chief operations officer at Pratt & Whitney. “With neighbors like Pratt & Whitney, Cabela’s and UConn football, the site offers an attractive place to do business with incredible access to major highways as well as the estimable talent available in the region’s job market. We are pleased with the work CBRE has been able to do and look forward to an exciting next step for this historic piece of property.” <-
 
pick6s said:
Although it doesn’t own the land, the State of Connecticut should make a call to the most valuable automaker in the country and see if it is interested in planting a flag in the northeast. Tesla is in the process of expanding, with new facilities coming soon in Austin (plus Germany and China) but they don’t yet have US facilities east of Texas, even though the northeast has lots of people, lots of money, and lots of folks who would be into the idea of electric cars. As a bonus, perhaps CT could allow Tesla to use The Rent’s parking lots for free, though I’m not sure exactly how close The Rent’s parking lots are to the parcel that’s for sale. Since most events at The Rent are on weekends or evenings, there should be no issue sharing the parking lots, thus leaving Tesla more room for its facility.

Also, I’d check in with elite medical facilities to see if they’re interested in coming here. The Mayo Clinic is an example. With HQ in Minnesota and their other main facilities in Arizona and Florida, I wonder if they’d be interested in having a branch in the northeast.

Thoughts?
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This is such a good idea. Why has no state or municipality ever thought of hiring people to do economic development and planning?
 
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It's the perfect place for an In an Out Burger patty-making facility and distribution center. It's right next to the Interstate, less than a half-hour from the airport. Pittsburgh and Buffalo are well within their vaunted 500-mile radius, nevermind DC, Philly, NYC and Boston.
 
SubbaBub said:
At least they are working with a known developer and not fly by night scammers.

The best use is to move the UConn campus here, give Storrs to ECSU and the School of Agriculture.
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Now this is the type of out-of-the-box thinking that can change the course of history! To think, all this time we've been assuming the only way to get an on-campus stadium is to build a stadium in Storrs!
 
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I've done some business With National Development. They run a first class operation.
 
I still like the idea of outlets and restaurants and maybe a hotel. A place where we can go see a football game, then do some shopping and have a bite to eat afterwards. Really make a weekend out of it. Plus that brings jobs and more tax revenue to East Hartford and the state.
 
I don’t think this is a good thing for the state at all…this is the beginning of Raytheon planning their exit from CT and getting something for this land before they devalue it by leaving behind all their facilities here. Many on here may not agree with this, but I worked for UTC/Raytheon for over 15 years and do know a good deal about this. Raytheon has plans to slowly move all these jobs down to North Carolina and Florida. For those of you who will say “but P&W just built a new engineering building and RTRC just built a new R&D building” yes this is true, but I don’t think they care. Long-term (10 years from now) that campus is going to have a football field, Cabelas and a bunch of empty buildings. They’re just grabbing some $$ up front before they leave as the land has more value while they are still there.
 
DoctorWho85 said:
I still like the idea of outlets and restaurants and maybe a hotel. A place where we can go see a football game, then do some shopping and have a bite to eat afterwards. Really make a weekend out of it. Plus that brings jobs and more tax revenue to East Hartford and the state.
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I live near Patriot Place in Foxboro and it is exactly like this. Always busy.
 
Samsung's new $17B chip factory would have been a welcome announcement.... winner this morning is Taylor Texas....just outside of Austin.

Looks like some prime space for more online parcel handling warehouses/distribution.

Dont think the setting is attractive enough to create a destination shopping experience. And I dont think you can get banks/lenders to fund it given the state of retail leasing.

There is a dearth of large scale suburban housing development in CT....maybe someone makes a bold run to build a master planned community.
 
The days of Connecticut being a major commercial player are long gone unfortunately. Weicker and years of legislative mismanagement saw to that. The economic and political conditions hold it back and the culture of the state does not attract true innovation. Restaurants and outlet stores cannot replace corporate and professional income taxes. The math just doesn’t work. It’s a shame but no one in Hartford seems to care
 
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Hurleyman216 said:
I don’t think this is a good thing for the state at all…this is the beginning of Raytheon planning their exit from CT and getting something for this land before they devalue it by leaving behind all their facilities here. Many on here may not agree with this, but I worked for UTC/Raytheon for over 15 years and do know a good deal about this. Raytheon has plans to slowly move all these jobs down to North Carolina and Florida. For those of you who will say “but P&W just built a new engineering building and RTRC just built a new R&D building” yes this is true, but I don’t think they care. Long-term (10 years from now) that campus is going to have a football field, Cabelas and a bunch of empty buildings. They’re just grabbing some $$ up front before they leave as the land has more value while they are still there.
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One thing that has really changed in recent years is the relative cost of housing and office space in CT which is starting to change the way some companies think about locations. Using the Zillow database, here is the comparison of housing costs in Charlotte, NC, Tampa, FL and the state of Connecticut:

Average home value:

2014: Charlotte, NC: $164k, Tampa: $152k, Connecticut: $246k
2022: Charlotte, NC: $338k, Tampa: $346k, Connecticut: $328k


And, office space is also cheaper in Hartford:

Class A office space:

Hartford: $24.38/ft2
Charlotte: $31.20/ft2
Tampa: $35.77/ft2

Sure, utilities and health care costs are still a problem in Connecticut, but Connecticut is not the ridiculously high cost state that is was even 10 years ago primarily due to economic stagnation. Relative to Boston, NYC, and even Providence, Hartford is a very low cost location.
 
Connecticut is so backward in regards to growth. I grew up in Barkhamsted and the people up there still fight any type of growth economically, like it is just going to magically appear without any give and take. Even eco-tourism with the Farmington River and trails. So many people are stuck in the past. I agree though Skiblets, if we are hitching our wagon to In-N-Out Burgers coming Connecticut will never move forward.
 
I have worked with National Development at the Natick Mall ... and my mentor in Boston has been financing them for decades; this is a major National player with Institutional muscles that just happens to be located near.

As for the comments on CT being backward etc etc ... to me, that's just opportunity in different view. You are still near NYC and Boston with a incredible educated population, major medical campus centers and universities, buying power and good infrastructure - except the Interstate on the coast.
 
Hurleyman216 said:
I don’t think this is a good thing for the state at all…this is the beginning of Raytheon planning their exit from CT and getting something for this land before they devalue it by leaving behind all their facilities here. Many on here may not agree with this,...
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I don't think you are telling anybody anything they don't already believe.
 
Skiblets said:
The days of Connecticut being a major commercial player are long gone unfortunately. Weicker and years of legislative mismanagement saw to that. The economic and political conditions hold it back and the culture of the state does not attract true innovation. Restaurants and outlet stores cannot replace corporate and professional income taxes. The math just doesn’t work. It’s a shame but no one in Hartford seems to care
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Can't roll my eyes hard enough at this. CT is a skilled white collar worker state, but not a tech state. You can blame the lack of investment in UConn specifically for that. We aren't competing for industrial manufacturing or low wage retail. It Texas wants to try to compete with Taiwan and South Korea, let them. Maybe they'll be as successful as Wisconsin was with Foxconn.

Our economic strength has always come from economic diversity and proximity to Northeast wealth. Pratt is a shell of it past self. The fact that no one has really noticed is a testament to past leadership not to let themselves be held hostage by a single employer. Any company town eventually folds up shop, governments are fools who actively seek these arrangements are short sighted.
 
Waquoit said:
It's the perfect place for an In an Out Burger patty-making facility and distribution center. It's right next to the Interstate, less than a half-hour from the airport. Pittsburgh and Buffalo are well within their vaunted 500-mile radius, nevermind DC, Philly, NYC and Boston.
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I don't know if there are enough cattle within range to make that feasible.
 
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SubbaBub said:
Can't roll my eyes hard enough at this. CT is a skilled white collar worker state, but not a tech state. You can blame the lack of investment in UConn specifically for that. We aren't competing for industrial manufacturing or low wage retail. It Texas wants to try to compete with Taiwan and South Korea, let them. Maybe they'll be as successful as Wisconsin was with Foxconn.

Our economic strength has always come from economic diversity and proximity to Northeast wealth. Pratt is a shell of it past self. The fact that no one has really noticed is a testament to past leadership not to let themselves be held hostage by a single employer. Any company town eventually folds up shop, governments are fools who actively seek these arrangements are short sighted.
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What economic strength ? The only way the state can balance its budget is through strong wall st results which ups individual income taxes. It’s a state that is too dependent now on individual income taxes Why? White collar jobs at Aetna.CVS Gone. UTC gone. GE gone IB/hedgers along the Gold Coast. Fleeing. I cannot think Of one corporate entity at scale that is expanding in CT. There may be but if we’re being honest the white collar brain drain is a net outflow. And CTs traditional advantage is gone with no coherent strategy to get the state back on solid financial ground
 
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Cabela's was the biggest waste of prime tailgating real estate. Might as well put a golf course in there using a hybrid...a cross of Kentucky bluegrass, featherbed bent and northern California sensimilla.
 
Skiblets said:
The days of Connecticut being a major commercial player are long gone unfortunately. Weicker and years of legislative mismanagement saw to that. The economic and political conditions hold it back and the culture of the state does not attract true innovation. Restaurants and outlet stores cannot replace corporate and professional income taxes. The math just doesn’t work. It’s a shame but no one in Hartford seems to care
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Was there really an exodus of business during the Weicker or years? It seems like it was much more recent than that.
 
CL82 said:
Was there really an exodus of business during the Weicker or years? It seems like it was much more recent than that.
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Not as bad as now. But the economic growth levers have changed since the income tax was passed. More about the knowledge economy now versus manufacturing and Insurance which dominated back then
 
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