CT Taxpayers Take It on the Chin — Again!

Connecticut was already on the hook to offer $115 million of taxpayer money to Bridgewater Associates — the Westport hedge fund with $150 billion under management — if it would move from Westport to Stamford.

The move may have fallen through, but Connecticut’s taxpayers are going to take it on the chin, nonetheless.  In an effort to entice Bridgewater — the world’s largest hedge fund — to come to Stamford, the state spent $16 million in taxpayer money cleaning up waterfront land that was contaminated.

Now, we learn, the move may be off, but as for that $16 million . . . it’s not coming back.  And so Connecticut’s taxpayers take it on the chin, once again.



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