Tweed Expansion Could Mean East Haven Gets $500K From State: Report

East Haven CT

18 April, 2022

12:55 PM

Description

EAST HAVEN, CT — The construction of a new terminal at Tweed New Haven Airport could mean East Haven gets an extra $500,000 per year from the state, the New Haven Register reported — but Mayor Joe Carfora told the newspaper that money isn't enough. The funding would come from the state Payments in Lieu of Taxes (PILOT) program, which pays municipalities the money they lost from properties that don't qualify for property tax payments. (The new terminal would be exempt from taxes, the New Haven Register reported.) If the town were to receive $500,000 annually, the amount of funding it collects from the state would more than double (currently, the town receives $462,000 annually), the newspaper reported. But Carfora told the New Haven Register that the decision of whether to build the terminal is "not simply a financial analysis." He has previously cited traffic, flooding, environmental impacts, public safety concerns, operational costs and capital necessities as issues it would bring. The new terminal would be on the East Haven side of the airport, running through Proto Drive to Hemingway Avenue in East Haven. Read more from the New Haven Register. Related: Mayor Currently Opposes Tweed Terminal Expansion Into East Haven$100M Tweed Expansion Includes New Terminal, New Airline