The State Bond Commission gave a pair of multi-million-dollar boosts to transit-oriented development projects along Metro-North’s New Haven Line.
Stamford’s train station was given $9 million to demolish the nearly 40-year-old, 727-space station parking garage. The work would clear the way for the state to solicit transit-oriented development proposals for the site, Gov. Ned Lamont’s office said in its announcement of the Bond Commission’s decisions.
The Stamford Transportation Center is the busiest train station in the state and home to the city’s bus hub. A new, 928-spot garage has been under construction on an adjoining parcel since 2021, with completion expected this fall.
A previous effort to redevelop the garage site under former Gov. Dannel Malloy had pitched ground-leasing the 3.3-acre garage site to developers.
The Bond Commission also voted to send $15 million to a slate of improvement at New Haven Union Station, where Metro-North, Hartford Line and Shoreline East train services terminate.
Those projects include a “multimodal hub” for bus riders combined inside a second garage with 450 spaces and a large development pad, that a study commissioned by the city, New Haven Parking Authority and state could accommodate either a 400,000-square-foot, 14-story residential/office tower or a 455,000-square-foot to 470,000-square-foot, 18-story hotel/office tower with conference space.
No timelines were immediately available on when officials expected to begin soliciting proposals for either development site.