West Hartford scam playing out as we predicted

In today’s Courant: Ideanomics hasn’t sent formal ‘Fintech’ plan  <read>

When Ideanomics unveiled design plans for a $400 million tech hub at the former UConn campus on July 22, company representatives said they would submit formal plans to the town within the week.

On Thursday, West Hartford town planner Todd Dumais said Ideanomics still has not submitted any plans…

Ideanomics, the financial technology company that has promised to bring innovation and hundreds of jobs to town, released renderings of a mixed-use development at the 58-acre former campus at Asylum Avenue and Trout Brook Drive.

The development, so far seen only through animated mock-ups, has been dubbed “Fintech Village.”..

Initially, chairman Bruno Wu said that portions of Fintech Village would be open by September or October 2018.

But now, those initial goals have long passed , and CEO and president Alf Poor said in July that the company foresees a 2020 groundbreaking.

This is all in line with what we have been predicting all along. Initially touted as a future blockchain hub for the world, the buzzwords keep changing while nothing is happening. We predict lots of money will be spent , with no value delivered to West Hartford or the State in return.

 

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