Still, the likelihood that one of New Haven’s largest employers will vacate the area within two years could make it even more difficult to attract the investment that could help retire $25 million in Maplecrest construction debt. McDonald, who is serving as the city’s interim economic development director, said such delays are not uncommon and noted that developers of at least two other hotels have expressed interest in New Haven, also without tangible results so far. 1, isn’t reading too much into the silence. Steve McMichael, who succeeded Terry McDonald as New Haven mayor Jan. Then, as I first reported earlier this month, Do it Best agreed to move its headquarters and 450 employees into Fort Wayne’s Electric Works project - and there’s been no further word about the hotel-restaurant development ever since. Such a project would not only benefit the economy of the county’s second-largest city, it could also serve people visiting or working at Do it Best, the international hardware wholesaler headquartered just across the highway on Nelson Road. So New Haven officials were understandably pleased recently when they were approached about the possibility of developing a hotel and restaurant on the former Wal-Mart site.
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