We send our Congratulations to the town of North Stonington, its taxpayers, and to General Dynamics Electric Boat on the news of EB’s decision to locate a 480,000-square-foot warehouse there.
This project will generate tax revenue and jobs without disrupting any neighboring properties in this rural town given its location on Frontage Road, just off I-95.
This is an ideal example of the Blue Economy we often speak about, which has its core along the banks of the Thames River but extends its economic benefits to towns across the region.
We look forward to seeing EB’s plans for this facility come to fruition, along with the jobs that will keep this long-dormant site humming with three shifts of workers. The plan calls for 13 loading docks and up to 73 workers per shift.
EB purchased the 55-acre site from the Mashantucket Pequot Tribal Nation for $5.5 million. The Tribe has owned the site since 1995.
