BRIDGEPORT, Conn. – The State Bond Commission is scheduled to approve $9 million to assist Bridgeport's the waterfront development of Steelpointe Harbor at its next meeting on Monday, May 11.
The funds will assist with Phase 1 of shoreline improvements, including the rebuilding and raising the elevation of the bulkhead around the peninsula to meet federal and state requirements, construction of a public access walkway and associated dredging and environmental remediation.
“This is a continuation of many years of concerted effort to transform this valuable parcel for the benefit of the city," said a statement from Bridgeport's state legislators. "This is a vital step toward fully realizing the untapped potential that Bridgeport has to be the hub of maritime commerce and activity for the region."
The statement came from Democratic state Reps. Andre Baker, Charlie Stallworth, Jack Hennessy, Christopher Rosario, Steve Stafstrom and Ezequiel Santiago and state Sens. Ed Gomes and Marilyn Moore.
“This is great news. After decades of broken promises, we’re seeing tremendous progress on construction at this major waterfront development project," said Bridgeport Mayor Bill Finch. "It will serve as a major boon for our city’s economy with Starbucks, Chipotle, and Bass Pro Shops already announced. These businesses and others will create good paying jobs, add millions to our tax rolls, and help our city to continue getting better every day.
"Thanks to Gov. [Dannel] Malloy, Bridgeport’s legislative delegation, and the State Bond Commission for their continued support of Bridgeport’s biggest economic development project since the Industrial Revolution.”
Once complete, the Steelpointe Harbor development will occupy 2 million square feet of retail space adjacent to Interstate 95. It will be home to apartments, retail stores, restaurants, hotels, a grocery store and more.
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