Date: Fri 10-Sep-1999
Date: Fri 10-Sep-1999
Publication: Bee
Author: STEVEB
Quick Words:
Fairfield-Hills-Becker
Full Text:
Becker & Becker Tries To Gain Advantage With A Different Kind Of Plan
BY STEVE BIGHAM
Bruce Becker and his family took part in Monday's annual Labor Day Parade. The
New Canaan developer waved to the crowd from inside his antique car, which
brought up the rear of the two-hour long procession.
Mr Becker joked that he hoped to make his way up to the front for next year...
in more ways than one. His company, Becker & Becker Associates, is vying for
the right to develop the 186-acre campus of Fairfield Hills. Of the three
private firms in the hunt, Becker & Becker appears to have taken an early lead
in minds of the public. Local lobbying has helped raised the profile of Becker
& Becker's plan. Its multi-million-dollar proposal -- which includes a new
school, a YMCA, expanded ballfields, business office space, senior housing --
has caught the eye of many residents.
What makes the Becker & Becker plan different, however, is that much of it
would be financed by others. The firm is seeking to forge "partnerships" with
both the town and other organizations. It is, in a sense, offering others the
opportunity to spend money. Its proposal does not include a lot of money to go
along with its ideas.
"Twenty percent of the financing is in the form of equity from Becker & Becker
and its internal partners," Mr Becker said. "There is conventional debt and
equity coming from various development partners, so it's a mix of funding
sources. We would have substantial equity at risk in the project."
Mr Becker's firm has no intention of paying for the 5/6 school he has designed
for the town. That would come out of the taxpayers' pockets, and this has been
spelled out clearly in his proposal. The same can be said for the YMCA, which
has already expressed interest in a large facility on the site.
"We're part of the proposal," said Gary Kozak of the Western Connecticut
Regional YMCA in Brookfield. "The Regional YMCA and the Central Connecticut
YMCA have been collaborating together in a strategic alliance to put in a
full-service YMCA as part of the Becker proposal."
The new YMCA would include two indoor pools, a full rec center, as well as a
child day care program serving more than 100 kids.
Mr Kozak said the Y has been looking to locate a facility in the area of
Newtown for several years. Becker & Becker has done projects in collaboration
with the Y in the past.
No New Houses
According to Mr Becker, his company's master plan is the only one of the three
that is based on the critical needs of Newtown.
"Rather than look at the private development objective, we assessed the needs
of the local community. We addressed the town's needs first, then we looked at
ways to use the buildings to meet market needs," he said.
Mr Becker points out that his proposal is also the only one that is what he
calls a comprehensive preservation proposal. All existing buildings will be
reused and there are no plans for any new housing.
"It's a non-residential proposal. It puts the buildings on the tax rolls for
commercial tax base. I think there's some misunderstanding from the general
public. There is no new single family housing proposed," he said.
Mr Becker said there are significant tax benefits for historic renovation --
benefits of which only the private sector can take advantage. That would not
be possible through public ownership.
"That's one of things that makes the renovations feasible," he said.
Mr Becker said there would certainly be more profitable ways to approach the
re-development of Fairfield Hills, but they would not be as responsive to
community means.
More importantly, Mr Becker said, his firm's plan gives the town control over
the future of Fairfield Hills. "We're very happy to leave it up to the town on
how the details of the plan are orchestrated. It gives the town control and
the ability to meet its objectives, but not the financial burden."
Cochran House
Probably the most talked about aspect of Becker & Becker's plan is its
proposal to build a grade 5/6 school in Cochran House, one of the larger
buildings at Fairfield Hills. Mr Becker said his accountants are still going
over numbers, but believes the renovation would be less expensive than
building a new facility, as had been considered previously. The Board of
Education's original plan was to build a facility on a nearby lot which, along
with Watertown Hall, had been given to the town by the state as part of an
agreement over the Garner Correctional Facility.
That plan has been temporarily derailed, pending a decision on the ultimate
disposition of Fairfield Hills. For those concerned about opening a new school
by 2001, the Becker & Becker plan holds a special appeal; it may be the
quickest way to get the school built, since its endorsement would essentially
approve the school project.
Some residents, including Ruby Johnson, are concerned that, while the school
would be the property of the town, the land beneath it would still be the
property of Becker and Becker. That could cause problems, many feel.
But Mr Becker said that was the only way to go. Local land-use regulations
prevent him from subdividing any of the property, he said.
"Becker and Becker is flexible and willing to structure any arrangements with
town, but I think that if the town had an easement or a perpetual ground
lease, its interest could be assured without requiring a subdivision or change
in zoning," he said.
Becker & Becker is expected to join the firms of Wilder Balter Partners, LLC
of Elmsford, NY and SBC Associates, LLC of Greenwich at a public meeting
September 21 in the Newtown High School assembly room.