Officials in Stratford, Connecticut, are considering a moratorium on self-storage development. Mary Dean, director of economic and community development, proposed the temporary ban because she believes the city is already saturated with available storage, with two developments in the planning stages, according to the source. It’s unclear how long the prohibition would be in place.
Dean wants to halt new self-storage development while officials work toward promoting a more diverse local economy. “The Town of Stratford would like to prioritize businesses that bring in jobs with employees that take advantage of what [the] community has to offer,” Dean told the source. “Additionally, it is extremely difficult to do any adaptive reuse of a storage facility should they choose to close down.”
Dean used an “economic formula” to conclude the city had capacity for 307,508 square feet of self-storage, but current supply, along with approved projects, totals 340,944 square feet. The zoning commission is set to review the proposal, after the moratorium was recently approved by the economic-development commission.
If the zoning commission approves the measure, it would go into effect in March. No date on when the commission will discuss the ban was reported.
The last self-storage facility to open in Stratford was near the Dock Shopping Center in 2020. Officials removed self-storage from its tax-abatement program in 2019 “because we anticipated saturation,” councilmember Greg Cann told the source.
Source: Connecticut Post, Stratford Considering Moratorium on Self Storage Buildings