$10 million approved for Freight Street redevelopment

The State Bond Commission and Gov. Ned Lamont approved $10 million Thursday for the Freight Street Corridor Redevelopment Project. The funding is part of more than $14 million that will be used for economic development, infrastructure and city schools. The city will receive $10 million signed off by the board of the Community Investment Fund 2030, a five-year grant program, and has matched $5 million toward projects that include demolition and remediation of about 20 acres across 130 Freight St., 170 Freight St. and 000 West Main St. in the west end. The long-term goal is to encourage mixed-use, transit-oriented development in the blighted, underused area and complement improvements to the Waterbury Branch Line’s downtown Metro-North railroad station. “The city is matching $5 million, which we’ve already put toward the demolition of 130 Freight St. and environmental remediation there as well,” Mayor Neil M. O’Leary said.

$10 million approved for Freight Street redevelopment

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