Are any banks committed to financing Storrs Center?
LeylandAlliance and EDR are in advanced discussions with PNC Bank and People’s United Bank for project financing. 15. How is the property at Storrs Center going to be managed? EDR will own and manage the apartments, and LeylandAlliance will own and manage the ground floor retail. There will be on-site offices with management and maintenance personnel. ~ Back to top Relocation 16. What is the status of relocation? Currently, businesses in the University-owned property at 1254 Storrs Road, 10 Dog Lane (formerly known as “Phil’s” building), and 4 Dog Lane (Storrs Automotive), the University of Connecticut Design Center, Print Shop, Nayden Health Clinic, and former Publications building are affected by the construction of Storrs Center. The Partnership, as the project oversight agency for the Town, is responsible for providing relocation benefits to the businesses that will be displaced. The Town and LeylandAlliance have agreed to split the cost of relocation. The University covered the co
