Simsbury town officials, including First Selectman Mary A. Glassman and Board of Finance Chair Paul Henault, were informed late this afternoon that The Hartford plans to sell its facility in Simsbury and consolidate operations in Hartford and Windsor.
The Hartford represented that the relocation and sale process would take between eighteen and twenty-four months. Currently the Hartford has 1,500 employees in the Simsbury facility along with an additional 300 Prudential and MassMutual employees.
“We are obviously disappointed that the Hartford – Simsbury’s largest taxpayer – is relocating,” said Glassman, who added that the Town will work closely with The Hartford and the State Department of Economic and Community Development to ensure that potential buyers are fully aware of the benefits of doing business in the Town of Simsbury. “We are confident that potential buyers will recognize the many advantages of living and doing business here,” Ms. Glassman added. Glassman also noted that the Town will take proactive measures to protect Simsbury’s interests, including creation of an advisory committee to work with officials from the Hartford and the State as marketing and sale of the building proceeds.
For Fiscal Year 2013 The Hartford’s total tax liability to the Town, including real estate and personal property taxes, was $1,763,366. The building, which is located at 200 Hopmeadow Street, is 638,174 square feet and according to representatives from The Hartford can accommodate up to 2,900 employees.