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TMG partners with CERC

December 01, 2010

TMG is proud to continue its long time relationship with the Connecticut Economic Resource Center, (CERC) in a new economic development project. We are working with the Town of Montville, Connecticut to assist them in the formulation of an economic development strategy, to implement their Plan of Conservation and Development. This project is another in a series of our work with CERC to assist communities in the formulation of viable, realistic economic development strategies.
The Town is unique in that it houses a large casino / entertainment complex, Mohegan Sun. Unfortunately for the Town; there have been few external economic benefits of the Casino within the Town, other than the employment of residents and the construction of two hotels.  Therefore, the Town is looking for a multi-faceted strategy to expand its economic base.
The project includes two components. The first is a business profile and targeted industry analysis which is intended to identify specific economic development opportunities.
The second component involves anaysis of the development and market potenial of a site formerly occupied by a drive-in movie theater located within the major business corridor of the Town, Route 32. This 25 acre site is graded, paved, free of wetlands and other environmental constraints, and very suitable for development. Town officials determined that the site may be suitable for the development of an entertainment center, possibly including an IMAX theatre. Our analysis includes a comparison of the physical atributes as well as demographic and neighborhood characteristics of the Montville site.
The completion of our study will result in the Town having a realistic, market based economic development strategy.