Stamford, New Haven TOD Sites Get Funding Boost
The State Bond Commission gave a pair of multi-million-dollar boosts to transit-oriented development projects along Metro-North’s New Haven Line.
The State Bond Commission gave a pair of multi-million-dollar boosts to transit-oriented development projects along Metro-North’s New Haven Line.
A range of real estate developments and infrastructure projects landed a total of $99 million in grant funding via the State Bond Commission.
A score or more of real estate development projects across Connecticut scored funding from the State Bond Commission Thursday when the entity voted to authorize $500 million in borrowing for a range of infrastructure and economic development efforts.
A new round of state funding will help finance the development of hundreds of new affordable housing units around the state.
A large Bridgeport multifamily development has secured state environmental cleanup funding needed to help launch its next phase.
The state Bonding Commission has approved $266 million in bonds for various projects throughout the state, including highway projects, open space purchases and a downtown Hartford redevelopment, according to the commission’s minutes.
Connecticut is set to approve $5 million in borrowing, which will allow it to finance a new round of grants to purchase open space across the state.
Connecticut towns will get a chance to compete for a slice of $5 million in grants for purchasing undeveloped land for open space.
In its last meeting of outgoing Gov. Dannel Malloy’s administration, the Connecticut State Bond Commission approved millions of dollars for economic development projects, among many others.
A state panel has agreed to borrow up to $10 million to study the possibility of reinstating tolls on Connecticut’s highways, despite strong opposition from Republican politicians who argue it’s a waste of taxpayer money considering there will be a new administration and General Assembly in January.
Gov. Dannel P. Malloy is getting strong political pushback for what will likely be one of his final executive orders – a plan to spend $10 million on a study of electronic highway tolls across Connecticut.