After a series of starts and stops, Bridgeport developer Anthony Stewart has a spring in his step as the money pieces to complete a key development in the East End come together.
From Brian Lockhart, CT Post:
That became more of a possibility Thursday when Connecticut’s bond commission, an arm of Gov. Ned Lamont’s budget office, awarded the city $3.5 million to complete Stewart’s development.
“It’s a big, big thing for me,” Stewart said of the aid, which is being provided through the new Community Investment Fund that state lawmakers established in 2021. “If you listen to my voice, you see I’m in a much better mood. I don’t feel as much pressure as I did.”
That pot of money — $875 million total, spread out through 2030 — was set up to funnel financial support to projects/initiatives that will benefit underserved and marginalized communities; people who live in rural areas; and people otherwise adversely affected by persistent poverty or inequality.
“This (Honey Locust Square) fits almost perfectly what we envisioned this fund to be — critical investment in areas that have needed it for decades,” said state Rep. Antonio Felipe, D-Bridgeport.
Full story here.
“Resurrection” is an odd choice of words on Easter Sunday but this happens only in Bridgeport. Is the $3.5 million a gift or will it become a debit on Honey Locust Square’s balance sheet?