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By Andreas Yilma, Staff Writer
The former Peter Paul site, which is owned by The Hershey Company, on New Haven Road in Naugatuck has sat vacant for 10 years. Hershey has a signed purchase and sales agreement for the property. –ANDREAS YILMA
NAUGATUCK After more than a decade of sitting vacant, the former Peter Paul site on New Haven Road may soon have new economic life.
Naugatuck Economic Development Corp. President Ronald Pugliese said R+L Carriers, a global freight shipping company, has made an offer to buy the 36-acre parcel of land at 889 New Haven Road from The Hershey Company. He said Hershey accepted the offer and the companies are working on a deal.
By Andreas Yilma, Staff Writer
NAUGATUCK â The borough will pay about 30% of the salary for the CEO of the newly formed Naugatuck Valley Regional Development Corp. next fiscal year.
The Board of Mayor and Burgesses on April 27 unanimously approved paying $45,000 of Naugatuck Valley Regional Development Corp. CEO Thomas Hydeâs $150,000 salary. Waterbury is paying the rest, according to officials.
Naugatuck and Waterbury launched the regional development agency last January with the intent that the quasi-public corporation will be responsible for large-scale economic development efforts with multi-town benefits and involvement.
âHaving that unified voice in the Valley, the area can get a larger share of the funding that is available,â Hyde said. âThat is the hope.â