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February 21, 2021 / 2021 Power 50

2021 Power 50: 22. Michael Freimuth & Suzanne Hopgood

Photo | HBJ File Capital Region Development Authority Executive Director Mike Freimuth.

The quasi-public Capital Region Development Authority (CRDA) in recent years has converted run-down Hartford office buildings into some 2,000 new apartment units. Michael Freimuth and Suzanne Hopgood have led that success.

Michael Freimuth

Both Freimuth, executive director of CRDA, and Hopgood, chair of its board of directors, stepped into leadership roles at the economic development agency with backing from former Gov. Dannel P. Malloy. The state legislature created the agency in 2010.

Under Freimuth and Hopgood, CRDA in recent years helped develop Dillon Stadium, complete The Front Street District, which is home to UConn Hartford and part of the larger Adriaen’s Landing revitalization project downtown, and helped finance nearly 2,000 apartment units.

Suzanne Hopgood

It’s currently in the process of overseeing a renovation to XL Center.

A few recent CRDA-backed projects to break ground include a $26 million apartment and retail community near the corner of Park and Main streets in Hartford’s South End and the $50 million first phase of the Downtown North mixed-use redevelopment near Dunkin’ Donuts Park. When completed it will include 270 apartment units, ground-floor restaurant, retail and entertainment space, and a 330-space parking garage.

CRDA did face some backlash in the last year for how it handled the redevelopment contract for Dillon Stadium.

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