Tag: development

Companies Are Abandoning Massive Offshore Wind Projects as Development Costs Skyrocket

Connecticut Star Staff

Billions of dollars in scheduled offshore wind developments in waters of the U.K. and U.S. have been paused or canceled in recent weeks, according to Bloomberg News.

Three major offshore wind-related contracts have fallen through as rising costs and economic concerns have saddled developments off the American and British coasts, according to Bloomberg. While offshore wind proponents remain confident in the long term viability of offshore wind, the recent cancellations may be a sign of more substantial troubles for offshore wind despite strong support from the Biden administration, according to Bloomberg.

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Zoning Legislation Stirs Controversy in Connecticut

Bradley Vasoli

Democrats in Connecticut’s state House of Representatives are offering legislation they say will facilitate affordable housing and “racial justice,” though opponents of the measures say they will merely hamper local control of development.

One bill would mandate that municipalities permit housing containing a minimum of 15 dwelling units per acre within half-mile radiuses of rail stations. At least 10 percent of the units in such areas would be required to meet the state’s definition of affordable housing, i.e. that it costs an occupant no more than one third of his or her annual income. 

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