Developments Win $99M in State Grants
A range of real estate developments and infrastructure projects landed a total of $99 million in grant funding via the State Bond Commission.
A range of real estate developments and infrastructure projects landed a total of $99 million in grant funding via the State Bond Commission.
The project, reportedly proposed by local developer Sami Abunasra, was included in a list of grant awards released last night
Connecticut took a step forward last week towards revamping a law that many developers and environmentalists say hobbles efforts to redevelop disused industrial properties around the state.
Downtown Ansonia could soon shed its image as a local leader in distressed industrial real estate thanks to a $14 million multifamily project planned by Berne, New York-based Shaw Growth Ventures.
State lawmakers are looking at allowing municipalities to assess transaction fees of up to 1 percent on real estate sales over $150,000.
Connecticut is granting $3.6 million to 11 projects in eight municipalities to assess, remediate and revitalize blighted properties.
Six municipalities and organizations in Connecticut were awarded a total of $1 million in state grants that will help the entities in their efforts to remediate and redevelop clusters of blighted properties – also known as “brownfields” – and put them back into productive use.
The Connecticut Department of Economic and Community Development (DECD) is again accepting applications for a second round of grant funding for the Brownfield Area-Wide Revitalization (BAR) program.