Steven J. Stafstrom Quoted in CT Insider Article on Gilbert and Bennett Site Redevelopment in Redding

Steven J. Stafstrom Jr., a Pullman & Comley litigation attorney who also practices in the firm’s Town Governments, Departments and Authorities practice, discusses in a CT Insider article, the legal steps the Town of Redding must take before vacant industrial property reverts to the town.  The industrial site along the Norwalk River has been largely vacant ever since the Gilbert and Bennett wire mill and other factories were shut down in the 1980s. That will soon change given the Connecticut Supreme Court’s decision that unanimously ruled in favor of the town and paved the way for the foreclosure proceedings and opened the site up for redevelopment.  “If no additional filings are made with the Supreme Court, the case returns to the trial court to set ‘law days,’” Stafstrom said. “Under state law, if the creditors do not act before the law days, their liens on the property are extinguished.”

Read the full article on the CT Insider website.