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Connecticut Revelopment Authority Board has approved $6 million in Recovery Zone Economic Development bonds to continue the Reed Putnam project in SoNo, The project's completion could mean 3,000 new jobs for Norwalk.
Plans for the project include a rail underpass and an extension to Reed Street that will connect to North Water Street. The aim is to make it easier for visitors and shoppers to connect from the project area near I-95 and Route 7 to attractions like the Maritime Aquarium. The plan also calls for 1.1 million square feet of mixed-use development, road improvements and public utilities.
The project would fulfill a vision for SoNo that dates back decades, to turn the decaying waterfront into a vibrant community. The work would complement existing projects like Maritime Yards and the Aquarium. The bad news is no start date for the project has been set, because of uncertainty about whether the bonds will find a market in this iffy economy. Here's hoping.
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