Malloy Campaigns For XL Center Renovations

Gov. Dannel P. Malloy used a visit Thursday to the city’s XL Center to campaign for an aggressive, $250 million makeover, as a key legislative committee has whittled away at his initial requests to get to project moving. Malloy is seeking $50 million in 2018 and $75 million in 2019, one half of the renovations, […]

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Trump’s 2018 budget offers more details on HUD cuts

One area where housing is concerned is the Department of Housing and Urban Development, which would see its funding contract by $6.2 billion, or 13.2%, as compared to 2017. The cuts focus on big-ticket community development grant programs that the administration has identified as too broad as well as rental assistance reform, according to The […]

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Chao Fills in Some Details of Trump Infrastructure Plan

Speaking at a May 15 Infrastructure Week kickoff event at the U.S. Chamber of Commerce in Washington, D.C., Chao also confirmed earlier administration comments that the package will propose $200 billion in direct federal funding, which it hopes will trigger another $800 billion in private financing. She also said officials “in coming weeks”  will unveil […]

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UConn Seeks Proposals For New Hotel On Storrs Campus

The University of Connecticut is resurrecting a plan for a hotel on its Storrs campus — this time on land just south of the Storrs Center development. This project would not require local zoning approvals because it would be located on state property http://www.courant.com/business/hc-uconn-hotel-storrs-campus-20170516-story.html

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$19.8M approved to remake Hartford building trio

Three proposed Hartford commercial-renovation projects — two of them downtown — received state Bond Commission approval Friday for $19.8 million in state loan assistance. The Capital Region Development Authority (CRDA) requested the funding on behalf of the developers for a pair of derelict office buildings at 101-111 Pearl St., at the corner of Trumbull Street, […]

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Upgrading central CT rail could boost freight capacity

Connecticut has the ability to double its freight service capacity in central Connecticut if millions of dollars are spent repairing the system, but upgrading to passenger service is cost-prohibitive, a new study has concluded. Total costs for upgrades range from $140 million for Class 2 rail, with speeds of up to 25 mph, and $170 […]

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Connecticut House speaker: 3rd casino likely decided in budget talks

House Speaker Joe Aresimowicz says the decision about whether Connecticut should have a third casino will likely be decided during state budget negotiations. It’s unclear what that means for the Mashantucket Pequot and Mohegan tribes, who want legislation allowing them to build a jointly owned casino in East Windsor to compete with the MGM Resorts […]

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CT tax revenue in free fall, adding $1.1B in red ink for next 2 years

Plummeting state income tax collections are experiencing their worst decline since the last recession, falling $450 million below anticipated levels for April — one-and-a-half times the free fall projected just one day ago. That adds $1.1 billion to an already daunting $3.6 billion deficit forecast, all but shattering hopes of avoiding tax increases or big […]

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