Daryl Finizio wins New London Mayor's race
In a crowded field of six candidates, Mr. Finizio handily won election to the first strong mayor post in New London after a governmental reorganization. Land Value Tax had been the flashpoint for much of the campaign. Mayor-elect Finizio has pledged to revisit the program on LVT, in the face of concerted but sparse opposition.
New London’s previous missteps with Kelo vs. New London, a tax abatement program for the Pfizer pharmaceutical firm, that ended just as Pfizer pulled up stakes and left the city, pointed to a need for a rethink of traditional incentive and development programs, especially in the context of global markets that can easily move capital to where it can be deployed more cheaply. It appears the voters of New London have chosen a new path, and will move forward to a brighter future.