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More “No Depression” Evidence

Sure … its Connecticut, but still?A condo at Blue Back sold in September for $1.77 million to an auto dealership owner and his wife from Avon, the highest condo sale price in Hartford County in years, according to The Warren Group, the Boston-based real-estate analyst.” 

“The largest and most scrutinized project ever undertaken in town is paying its way, too, said Christopher Johnson, West Hartford’s finance director. It is expected to generate at least $6.16 million in taxes and parking revenue next year. That leaves about $2 million a year for the town — after the annual payment of $4.08 million is made on the 20-year bonds the town sold.”

I guess this answers the question, “What will Connecticut look like in the Depression of 2009″.

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One Response to "More “No Depression” Evidence"

  1. nick says:

    After reading the courants article about the "hustle and bustle" of blueback, and hearing you this morning pointing to the article as "evidence" of the dems making the economy seem bleaker than reality, I have to make a bit of a comment. After reading the article and shaking my head in disbelief, I talked to a few other biz owners who are familiar with blueback and a few people who live in the area and the consensus was unanimous, is the blueback square described in the paper the SAME blueback we have come to know? Blue back……in WEST HARTFORD? Uhm,,,,,,notice the pic in the article? See a lot of people? No, I didn't think so, and that because there never are. Take Cheesecake factory out of the equation and I CANNOT believe ANY biz are happy with turnout so far. I've been in blueback eateries at 7:00 on a THURSDAY,,,,,me and two or three tables……

    Your opinion of the Courant playing fast and loose with facts was definately illustrated in this story. Did the merchants or the developers of blueback make a niced hefty donation to the courant or something?

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