Land in Hartford worth thousands sold for $1 - WFSB 3 Connecticut

Land in Hartford worth thousands sold for $1

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Hartford leaders are being questioned on why a piece of land in the city was sold for $1 and then became worth $500,000 after it was resold.

A little more than a year ago the Spanish American Merchants Association or SAMA, agreed to buy the Park Street lot its building sits on for a dollar from the city of Hartford.

SAMA then sold a piece of the land to Hartford Hospital for $500,000, so they could build a new parking garage.

It's all in a certified city council resolution dated Oct. 11, 2011.

SAMA's attorney told Eyewitness News the agreement called for the $500,000 to be used for building improvements and half of which the nonprofit has spent on an elevator and other work.

Hartford Mayor Pedro Segarra's office is not commenting on the land purchase, saying it wants to gather all the documents on the matter first.

The city did confirm that this deal was done even though SAMA owes Hartford more than $20,000 in back rent on a city parking lot it leases.

To read the full city resolution, click the following link or you can read the interdepartmental memorandum here.

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