DANBURY, Conn. – Industrial gas supplier Praxair has shelved plans to build a new world headquarters in Danbury, The Times-News reported.
According to The Times-News, company and state officials said the project was abandoned because of cost overruns. The projected cost shot past $100 million, far above the $60 million to 65 million number announced by company CEO Steve Angel and Gov. Dannel Malloy at a press conference in October.
But company officials told The Times-News that Praxair had no plans to leave Danbury.
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