Daniel W. McInerney
Business Manager
Industry and IBEW News
The Town of Fairfield successfully completed a bond sale to secure funding for various municipal projects. The bond issuance will provide financial resources to support infrastructure improvements, public facilities upgrades, and other capital projects planned by the municipality.
Governor Ned Lamont announces $18.8 million in state grants for assessment and remediation of 227 acres of contaminated and vacant land across Connecticut. The funding will benefit 23 properties in 19 communities through the Brownfield Remediation and Development Program, with state officials projecting the grants will generate $218 million in private investments and create 450 housing units. Major allocations include $4 million each for Hartford and Windsor Locks projects.
East Hartford closes on the sale of the former Showcase Cinemas property at 936 Silver Lane to Jasko Zelman 1 LLC for redevelopment into "Concourse Park," a residential community with at least 300 apartment units. The $115 million project on the 25.6-acre site will include amenities like a dog park, pool, clubhouse, and golf simulator. The town originally purchased the property for $3.3 million in 2019 and sold it for $1 with development commitments, with groundbreaking expected by 2026.
Old Saybrook's Zoning Commission prepares to deliberate on a proposed affordable housing condominium development project. The project represents another step in the town's ongoing efforts to address affordable housing needs, with the zoning commission serving as the final approval hurdle for the development. The project has already received favorable recommendations from other town boards and committees.
Waterbury significantly reduces the scope of its Roberto Clemente International Dual Language School expansion project, cutting costs from $81 million to $37 million. The scaled-back project reflects budget considerations while still aiming to enhance facilities at the school, which was renamed in honor of baseball legend Roberto Clemente and serves as a dual-language educational institution in the Waterbury Public Schools system.
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