The Real Deal New York

Proposals wanted for redevelopment of Danbury’s Tuxedo Junction

October 31, 2018 01:02PM

Potential tenants for the former home of the Tuxedo Junction club have until November 21 to submit their bids to the city of Danbury, Fairfield Business Journal reported. The vacant concert venue has been owned by the city since 2017. Bidders must provide $1 million in general liability insurance and $5 million for excess liability and other funding depending on how they plan to use the space, but the city is willing to negotiate below-market lease terms if the tenant invests in capital improvements. [FBJ]