Pfizer to demolish part of Groton facility

New York based pharmaceutical company, Pfizer Corp., continues its plan to demolish over 750,000 square feet of its R&D operations in Groton CT. The demolition of what is known as Building 18 will cost the Town of Groton over $2 m in tax revenues. Compounding the tax issue is Pfizer’s continued reduction of personal property in its remaining facilities. The good news? Pfizer continues to be Groton’s number one taxpayer with over $550 m in assessed property.

See attached Hartford Courant article: Pfizer to demolish plant