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CITY OF HARTFORD RETAINS GREENBERG TRAURIG, LLP AS RESTRUCTURING COUNSEL

CITY OF HARTFORD RETAINS GREENBERG TRAURIG, LLP

AS RESTRUCTURING COUNSEL

 

HARTFORD, CONN (July 6, 2017) –  Today, the City of Hartford announced that it has engaged the law firm Greenberg Traurig, LLP to provide legal services as the city evaluates the full range of restructuring options to ensure its long-term fiscal stability.  Greenberg Traurig’s team will be led by Nancy A. Mitchell, one of the Co-Chairs of the firm’s restructuring practice, who has more than 30 years of experience in restructuring and corporate finance.

 

“Nancy Mitchell and the team at Greenberg Traurig have extensive experience in municipal restructuring, and they will be working with us to examine all options for putting the City of Hartford on a sustainable path,” said Mayor Bronin.  “Over the past eighteen months, we have made significant cuts and we continue to pursue aggressive changes in our labor contracts.  We have also advocated for a State budget that puts our cities in a position to be strong and vibrant, for the sake of Connecticut’s economic competitiveness.  We will continue to work closely with our legislators as they work to adopt a responsible State budget.  In the meantime, as we start a new fiscal year without a State budget and with significant uncertainty, we will have the advice and counsel of an experienced and highly respected restructuring firm.”

 

“This is precisely what we need and I support the Mayor’s decision to hire Greenberg Traurig,” said Treasurer Adam Cloud.

 

“Given the fiscal issues facing our state and the fiscal cliff facing our city, we certainly understand the mayor’s administrative decision to engage municipal restructuring experts,” said City Council President Thomas “TJ” Clarke II.  “While we continue to be hopeful that the state government will adopt a budget which provides Hartford with the necessary funding to provide for the health, safety, and welfare of our residents, as responsible stewards, we must carefully review all options.  In doing so, we will examine all available tools in a considered and thoughtful attempt to restructure city government working together as a team with our Mayor and administration.”

 

"Greenberg Traurig is honored to have been asked by the City of Hartford to assist with its restructuring,” said Nancy Mitchell.  “Our team will use our exceptional understanding of both finance and government operations to provide quality legal services and guidance as Hartford seeks to get on sustainable financial footing."

 

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JOURNEY HOME RECEIVES $86,000 GRANT FROM THE MELVILLE CHARITABLE TRUST

JOURNEY HOME RECEIVES $86,000 GRANT FROM THE MELVILLE CHARITABLE TRUST

 

HARTFORD, CONN (July 5, 2017) – Today, Mayor Luke Bronin and Journey Home Executive Director Matthew Morgan announced that the Melville Charitable Trust has awarded $86,000 to Journey Home for its operations through June of 2018.  In recent years, the City of Hartford has allocated a similar amount to Journey Home through its annual budget.

 

“Journey Home changes lives every day, and I am deeply gratified that their work will continue thanks to the Melville Charitable Trust,” said Mayor Bronin.  “As the City has had to step back from funding programs we value, local organizations have repeatedly stepped up.  In recent weeks, we’ve announced private funding for the ‘Summer in the City’ event series and the Bushnell Park Carousel.  This is another demonstration of the tremendous commitment and generosity we are fortunate to have in Hartford and in Connecticut.”

 

“Journey Home is delighted and grateful to receive this support from the Melville Charitable Trust.  This grant makes it possible for us to continue our focus on ending homelessness in Greater Hartford in 2017 and 2018.  Systems will be improved, positive changes will be made, and lives will be transformed because of this award.  We are pleased that this grant will fill a gap for this year, but we do continue to have concerns about sustaining this funding going forward.  We appreciate and understand the tight fiscal constraints that are facing the City of Hartford and we have greatly appreciated our partnership with the City over the last several years.  We are grateful for the efforts that the City of Hartford and Mayor Bronin have made to ensure that we are able to secure funding for another year to keep our vital services intact,” said Matthew Morgan.  

 

Morgan continued, adding that, "Housing people who have experienced chronic homelessness is not only the right thing to do, but it is also a wise investment in our future.  Study after study has proven that money spent on supportive housing - housing where subsidies to pay for rent are combined with flexible, voluntary support services - decreases the costs that we would otherwise spend to support them in homeless shelters, hospitals, emergency rooms, jails and prisons."

 

Journey Home’s focus for the past 11 years has been finding creative solutions to ending chronic homelessness.  People who have experienced chronic homelessness have been homeless for long periods of time and are often the most ill and most likely to struggle through the processes to access housing.  Many have languished in the system for years and most are high utilizers of incredibly expensive public services. Working with outstanding partners agencies, the Hartford region has witnessed an almost 50% decrease in chronic homelessness over the past two years.

 

About Journey Home

Journey Home’s mission is to ensure a home for all.  They believe the most powerful way to do that is collectively – by working together with service providers, elected officials, businesses and local communities to end homelessness in Greater Hartford.  They build partnerships and advance innovative solutions to achieve enduring, systemic change.  For more information about Journey Home, please visit their website at www.journeyhomect.org.

 

About The Melville Charitable Trust

The Melville Charitable Trust is the largest foundation in the U.S. exclusively devoted to ending homelessness.  The Trust invests in proven, lasting, and cost-effective solutions that enable people with the least resources and biggest barriers to success to reclaim their lives.  And where solutions have not yet been identified they support exploration and innovation to find the most promising approaches.  The Trust’s grant making dollars are roughly split between efforts to end homelessness in their home state of Connecticut and in creating a better policy environment at the national level.  Since their founding in 1990, they have invested over $140 million in to end homelessness for good. Learn more at melvilletrust.org.

 

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MAYOR BRONIN RELEASES STATEMENT ON AETNA

MAYOR BRONIN RELEASES STATEMENT ON AETNA

 

HARTFORD, CONN (June 29, 2017) – This morning Mayor Luke Bronin released the statement below on Aetna.

 

“Now that Aetna has made its decision final, I hope it serves as a clear and powerful message to leaders of both political parties in Connecticut that we need to take bold action quickly.  The City of Hartford is finally seeing the start of the revitalization that eluded us for so long, and you can feel the new energy in the Capital City.  But at the same time, Hartford and the State of Connecticut as a whole are facing fiscal crises that are decades in the making, and can’t be fixed with stop-gaps or band aids.  I hope that, as a state, we can use the loss of Aetna’s flag as a rallying cry to put Connecticut on a sound fiscal path and position our cities – including Hartford – to be the strong, vibrant centers of growth that Connecticut needs and that our major employers demand,” said Mayor Bronin.

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MAYOR BRONIN ANNOUNCES ALL WASTE WILL FUND BUSHNELL PARK CAROUSEL

MAYOR BRONIN ANNOUNCES ALL WASTE WILL FUND BUSHNELL PARK CAROUSEL

 

HARTFORD, CONN (June 21, 2017) – Today, Mayor Luke Bronin joined representatives from the Bushnell Park Carousel and All Waste, Inc. to announce that All Waste has generously offered to donate $75,000 towards the operation of the carousel.  In the past, Hartford has contributed that amount for the carousel’s operation through its annual budget.

 

“At a time when Hartford has had to make dramatic spending cuts, I am enormously grateful that members of our community have stepped up time and again to fund events and activities that our residents value,” said Mayor Bronin.  “All Waste is a local company, with a longstanding commitment to our community, and I want to thank Russ Lallier and All Waste for this extremely generous contribution to the Bushnell Park Carousel.  Because of that commitment, thousands of children and families will be able to enjoy our beautiful, historic carousel all year.”

 

“The Bushnell Park Carousel has been operating in our city since 1974 and was originally crafted in 1914 in Brooklyn, New York.  The carousel is an integral piece of the fabric of our city and an amazing part of history which is ridden by thousands from in and around Hartford each year.  The carousel was brought to our great city by the Knox foundation which was run by Jack Dollard at the time – his vision for the horses was that they would symbolize Hartford’s restoration.  All Waste, Inc., being city-based, believes that vision is needed now more than ever and we are pleased to help keep this symbol of Hartford running,” said Russ Lallier, President of All Waste, Inc.

 

“Thank you to the City of Hartford for finding an angel for the Bushnell Park Carousel.  We are excited to learn that All Waste is going to sponsor the Carousel this year and help to keep her running for her 103rd year,” added Louise DeMars, Executive Director of the New England Carousel Museum, which manages the Bushnell Park Carousel.  “The Carousel is a jewel in Bushnell Park bringing joy to many children and adults.  We are grateful to Russ Lallier, President of All Waste and our new best friend, for providing the funding to keep the Carousel spinning.”

 

What is now known as the Bushnell Park Carousel began operating outside of Albany, New York in 1914.  It moved to the Meyers Lake Amusement Park in Canton, Ohio in the early 1940’s.  The carousel was brought to Hartford in 1974 and has been operating here since then.  It’s one of less than 200 antique operating carousels nationwide.  In 1999, the New England Carousel Museum began managing the Bushnell Park Carousel.

 

More information about the carousel, including operating hours, is available at: http://www.bushnellpark.org/attractions/the-carousel.

 

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HARTFORD CITY HALL ADDRESS: 550 Main Street, Hartford, CT 06103 PHONE: (860)757-9311 HOURS: 8AM - 5PM