NEWINGTON — The town’s first tax increment financing district was approved by voters in a special meeting May 30, paving the way for Torrington Properties’ Seacoast Landing redevelopment project to move forward.
The TIF district, which will fund $9 million in public infrastructure upgrades in exchange for future tax revenue, sets the stage for the demolition of the shuttered 43-year-old Mall at Fox Run and Newington Park Shopping Center.
Torrington has been moving toward the Seacoast Landing project for several years. Between June 2021 and December 2024, Torrington spent a combined $66.1 million to acquire the Mall at Fox Run (including the attached Sears, Macy’s and JCPenney spaces) and the 15-acre Newington Park Shopping Center, which formerly housed Savers, JoAnn Fabrics and other stores.