September 20, 2018

Bond Commission OKs millions for Hartford, other projects

Rendering | Contributed
Rendering | Contributed
The Bond Commission on Thursday approved millions in public funds for the Downtown North redevelopment.

The state Bond Commission on Thursday approved tens of millions of dollars for numerous economic development projects during one of Gov. Dannel P. Malloy's last commission meetings before his term ends in January.

The 10-member commission overwhelmingly approved funding for three Hartford projects that will bring hundreds of new apartments and a grocery store near Dunkin' Donuts Park.

The Bond Commission approved $52.69 million in projects pitched by the the Capital Region Development Authority (CRDA), the quasi-public state agency spearheading investments in the Capital City and surrounding areas.

Connecticut Innovations (CI), the state's quasi-public venture capital arm, also received approval for $43.5 million to recapitalize its programs and provide additional funding for its subsidiary, CTNext, a entrepreneurship booster.

Other CRDA projects that received funding approval included:

  • $12 million to support 150 to 200 apartments planned as part of the Downtown North redevelopment, adjacent to Dunkin' Donuts Park.

  • $8.67 million to support building a grocery store at Albany Avenue and Main Street, which has been a long-awaited addition to downtown Hartford.

  • $8.4 million for Spinnaker Real Estate Partners' planned 108-unit market-rate apartment project at the corner of Park and Main streets.

  • $3 million to the Bushnell Center for mechanical and electrical upgrades, code and safety improvements, other improvements to its roof, restrooms and a flooring replacement.

The state Department of Economic and Community Development projects include:

  • $13 million to the U.S. Navy to build an emergency management center at the submarine base in New London.

  • $10 million for the Brownfield Remediation and Development program. The group is studying the remediation and development of brownfields across Connecticut.

  • $8.8 million to Aer Lingus to maintain its Bradley-Dublin route.

  • $5 million for a loan to support Gartner Inc. creating 400 new jobs.

  • $5 million to support grants and loans for the Connecticut Manufacturing Innovation Fund.

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