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The Hartford to Sell Simsbury Facility, Consolidate Operations in Hartford and Windsor

Simsbury officials were informed on Wednesday that The Hartford plans to sell its Simsbury office location.

Submitted release

Simsbury town officials, including First Selectman Mary A. Glassman and Board of Finance Chair Paul Henault, were informed late this afternoon that The Hartford plans to sell its facility in Simsbury and consolidate operations in Hartford and Windsor. 

The Hartford represented that the relocation and sale process would take between eighteen and twenty-four months.  Currently the Hartford has 1,500 employees in the Simsbury facility along with an additional 300 Prudential and MassMutual employees.

“We are obviously disappointed that the Hartford – Simsbury’s largest taxpayer – is relocating,” said Glassman, who added that the Town will work closely with The Hartford and the State Department of Economic and Community Development to ensure that potential buyers are fully aware of the benefits of doing business in the Town of Simsbury.  “We are confident that potential buyers will recognize the many advantages of living and doing business here,” Ms. Glassman added.   Glassman also noted that the Town will take proactive measures to protect Simsbury’s interests, including creation of an advisory committee to work with officials from the Hartford and the State as marketing and sale of the building proceeds.

For Fiscal Year 2013 The Hartford’s total tax liability to the Town, including real estate and personal property taxes, was $1,763,366.  The building, which is located at 200 Hopmeadow Street, is 638,174 square feet and according to representatives from The Hartford can accommodate up to 2,900 employees.

Read more about The Hartford's decision to sell the Simsbury facility

 

POODETWA March 05, 2013 at 02:35 AM
@ Wyatt-- what difference is there if the co is private or govt run. generating revenue and jobs is what is needed. the area would be suitable for a minimum prison or detention center.
J A March 05, 2013 at 03:07 AM
Well, if Government, then our taxes are paying for it to begin with, so in essence we're paying for the loss of tax money with our taxes (obviously a highly shared burden - but still our money). If privately run, then any tax revenues coming in are based on the company's ledger and not funded out of tax dollars.
J A March 05, 2013 at 03:08 AM
Sorry.. just saw you addressed it to Wyatt, but I think my answer is still valid. :-)
Wyatt March 08, 2013 at 08:14 PM
@Poodetwa. My answer would have been very similar to JA's. @JA. Thanks for responding
POODETWA March 09, 2013 at 12:16 AM
BOTTOM LINE IS--- WHO WANTS TO MOVE A BUSINESS TO SIMS. IN THIS DAY AMD TIME--- THIS TOWN AND STATE SHOULD TAKE ANYTHING. THIS HOOD SHOULDN'T TAKE ANYTHING FOR GRANTED!

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