Stonington desires to dam trip leases from taking up downtown

Officers in Stonington are contemplating a moratorium that may halt the conversion of downtown waterfront business buildings into residences because of fears that Airbnb-like trip leases might overrun the island city’s business heart.

There’s a rising concern within the fishing group that storefronts alongside Stonington’s harbor might convert into short-term leases till all that’s left are trip properties used just a few months of the yr.

The city created a activity drive in December to look at the problem of the profitable leases, which soak up about $2.8 million yearly in Stonington, and ponder potential methods to keep up a yr spherical group.

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