Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

June 3, 2024

Projects across CT totaling $850M set for Bond Commission approval Friday

HBJ FILE PHOTO The state Capitol with downtown Hartford in the background.
By Andrew Larson

Officials are set to approve more than $850 million for dozens of projects across Connecticut at the State Bond Commission’s first meeting this year, which will take place Friday morning.

The commission will consider a total of $519.7 million in bond authorizations and $337 million in special tax obligation bonds, including a $10 million low-interest loan to help finance the conversion of commercial space at 64 Pratt St. in downtown Hartford into 200 new dorms for UConn students. 

The State Bond Commission, chaired by Gov. Ned Lamont, consists of 10 members and is statutorily tasked with determining whether to approve funding for projects requested by the governor, along with the amount and timing of bond sales. 

Among the other projects set to receive funding are:

  • $5 million for repairs and improvements to parking garages in downtown Hartford.
  • $3.5 million to finance a loan for Spectra Construction and Development’s $9.8 million effort to convert a commercial building at 30 Laurel St. in Hartford into 47 market-rate apartments.
  • $4.5 million to demolish McCartin Elementary School in East Hartford, and for infrastructure improvements, to prepare the site for construction of a single-family home development.
  • $11 million for the Minority Business Revolving Loan Fund administered by the Hartford Economic Development Corp.
  • $12 million for improvements to the Department of Emergency Services and Public Protection’s firing range in Simsbury.
  • $1.7 million for upgrades associated with the consolidation of the state-owned twin towers at 450 Columbus Blvd. in Hartford.
  • $3 million from the Community Investment Fund to renovate and “reactivate” the historic Aetna Diner at 267 Farmington Ave.
  • $6.5 million to renovate Connecticut’s first synagogue at 21 Charter Oak Ave., now home to the Charter Oak Cultural Center School for the Arts, and the historic home next to it at 25 Charter Oak Ave.
  • $5.5 million for pre-development, site improvements and infrastructure upgrades for the streets, utilities and sidewalks at Willow Creek in Hartford.
  • $4 million for improvements to Rockwell Park in Bloomfield.
  • $2 million for infrastructure repairs and improvements to streets and sidewalks in the Front Street District in Hartford.
  • $50 million to fund the Build for CT program, which will provide incentives for developers of market-rate multifamily properties to create affordable housing.
  • $7.8 million grant to finance infrastructure improvements at the U.S. Navy submarine base in Groton that will enable it to keep more vessels.
  • $67 million for various urban development projects, including a $3.5 million grant to the town of Ansonia to demolish the town’s Ansonia Copper and Brass factory, and a $1.1 million grant to the Mattatuck Museum in Waterbury for upgrades to the heating and ventilation system.
     

Sign up for Enews

Most Recent

Most Recent

0 Comments

Order a PDF