![]() ![]() Existing homes that sold for $10,000 in 1990 are on the market for $250,000, said Tony Alves, New London's building inspector. ''A lot of layoffs are going on elsewhere, but we're in a hiring mode, so we're seeing local people staying instead of moving out, and we're seeing a rise in real estate values.''įueled by a pool of 11,600 Foxwoods employees, 9,000 Mohegan Sun employees and 1,500 people already hired by Pfizer for an eventual work force of 2,000, waterfront homes are being built for executives priced at $750,000 to $1 million, according to area builders. ''We're in an interesting position,'' said Vivian Stanley, executive director of Connecticut's Mystic & More!, a publicly financed tourism district. ![]() SOUTHEASTERN CONNECTICUT'S long-suffering economy is experiencing a bracing reversal of fortune generated by three entities: the six-year-old Mohegan Sun Casino in Montville, where the first phase of a $1 billion addition opened last month and where a 1,200-room hotel is to open in the spring the hugely successful Foxwoods Casino and Resort in Ledyard and Pfizer Inc.'s 750,000-square-foot global research and development headquarters in New London, which opened in June. ![]()
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