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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.

 

 

Carol Platt Liebau

Carol Platt Liebau

Carol has worked as an attorney, author, political and policy advisor, and media commentator. In addition to practicing law, she has served as legislative assistant to Senator Christopher S. “Kit” Bond of Missouri; as a consultant to the U.S. Senate campaigns of John D. Ashcroft of Missouri (1994) and Congressman Tom Campbell of California (2000 and 2010); and as law clerk to Reagan appointee Judge David B. Sentelle of the U.S. Court of Appeals for the DC Circuit.

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