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.