In 2021, the legislature invested $350,000,000 in the creation of the Community Investment Fund, a group tasked with investing in economic development in our cities. With encouragement from Governor Lamont, the City of Bridgeport, and the Bridgeport Delegation, the Community Investment Fund has approved $22.5 million to assist in the teardown of the PSEG coal plant that is currently a prominent feature of the Bridgeport Harbor.
Clearing this property will support the movement towards remediation and eventual redevelopment of an area that is no longer zoned for industrial use. This investment will allow the city to move towards mixed use development, including much needed housing as well as commercial and retail uses. The $22.5 million is on the October 6th State Bond Commission agenda for final and expected approval.
This is welcome news for the city and the region, as a thriving Bridgeport benefits both city residents as well as the surrounding communities.
|
|