The Simon Konover Co. is seeking government incentives for its proposed $38.5 million, 130-unit apartment development near the Connecticut River in East Hartford.
Simon Konover is seeking an eight-year tax break worth an estimated $2.1 million, as well as a $7.7 million loan from the Capital Region Development Authority, according to a prospective financing outline shared with East Hartford’s Town Council ahead of its Tuesday meeting. The document assumes that $2 million of that loan could be written off if certain development targets are met.