Investing In Hartford
An Update from State Senator Douglas McCrory
The State Bond Commission approved nearly $70 million worth of state loans and grants in order to make a variety of economic and quality of life investments in Hartford—particularly in the North End of Hartford that I represent in the General Assembly.
Without exaggeration, this is probably the largest and most consequential influx of state bonding for Hartford that I have seen in my 14 years in the state legislature. Its effect will be transformative. I hope everyone appreciates the investment that the state is making in its people and in its capital city! Among the items approved are the following:
- $12 million loan for the planned Downtown North redevelopment, including 150 to 200 apartments adjacent to Dunkin Donuts Park
- $8.5 million loan to assist with the development of a grocery store at the corner of Albany Avenue and Main Street
- $8.4 million loan to assist with the development of 108 units of market-rate housing and related retail/commercial space at the corner of Park and Main streets
- $4 million loan to help refurbish historic neighborhood retail buildings along Albany Avenue and Main Street
- $4 million grant to replace sidewalks, plant street trees, and install traffic calming measures
- $3 million grant to renovate the Bushnell Center for the Performing Arts, including electrical upgrades, code and safety improvements, roof and masonry repairs, elevator upgrades, restroom improvements and flooring replacement
- $1 million grant for Riverfront Recapture to extend the Hartford Riverwalk north of Riverside Park
- $1 million for track improvements and field lighting at Hartford Public High School
- $590,000 grant for traffic signals
- $450,000 for the Charter Oak Health Center to renovate and improve a building next to its Grand Street location in order to expand programs and services
- $25.7 million for the Capital Region Development Authority to finance various infrastructure, housing and community development programs in Hartford.
- For More Information please follow this link: https://www.cga.ct.gov/ofa/Documents/year/SBC/2019SBC-20180920_Analysis%20of%20State%20Bond%20Commission%20Agenda%20Items%20for%20September%2020,%202018%20Meeting.pdf