The state’s Special Transportation Fund spent $1.61 billion in 2019 — the last fiscal year before the coronavirus pandemic struck. After adjusting for inflation, that’s just 21% growth since 2011. The debt service on the hundreds of millions of dollars Connecticut borrows annually for highway, bridge and rail upgrades, and spending on transit programs, together […]
The transformation is nearly complete, with the developers of the 133,000-square-foot complex known as The Village announcing this month that they plan to open the hub next spring. It will become a home base not only for the conglomerate Wheelhouse and reality-TV powerhouse ITV America, but also a number of other businesses. Plans for the […]
A new bridge replacement plan has been put forth, and a public hearing will be held at 1 p.m. Dec. 3 via Zoom to hear reactions from residents. The bridge over Cider Mill Brook is near Binney Park and the Perrot Memorial Library. It was built in 1925 and rehabilitated in 1977. The replacement is […]
Warehouses are sprouting on Connecticut farmland where tobacco once grew, giving the state bragging rights to a retail economy transformed by digital technology, advanced logistics and the coronavirus pandemic. Surging online sales, fueled by a rapidly evolving retail economy where people shop at home and products are delivered from warehouses, are behind this transformation. The […]
Located at 140 Waterford Parkway South and vacant for almost four decades, the property is once again a target for development, this time by Fabcon Precast, a concrete manufacturer based in Minnesota. On Nov. 23 the Planning and Zoning Commission discussed Fabcon’s application for a special permit and site plan approval and could make a […]
With local land-use approval secured for a nearly $20 million pedestrian bridge linking downtown to the future National Coast Guard Museum, talks continue with state officials about the release of funding for the project. The city’s Planning and Zoning Commission earlier this month granted conditional approval to plans for a 400-foot, glass-walled pedestrian bridge spanning […]
State officials are facing almost $4.3 billion in red ink in the next two-year budget, due largely to the coronavirus-induced recession, according to a new report Friday from nonpartisan analysts. Those deficits, while daunting, are significantly less imposing than the massive shortfalls Connecticut faced after the last recession in 2011 — gaps that forced a […]
John Guedes, who operates the city-based Primrose Companies architecture and construction, said he has learned to take a believe-it-when-he-sees-it approach to Bridgeport’s economy: “Don’t worry about the ones (plans) that have been approved, worry about the ones that have been started.” This week, staff from the economic development department briefed members of the City Council […]
Trump himself had pressed earlier in his tenure to advance an infrastructure deal, something that had eluded Washington policy makers for years, yet the effort fell short as he and Democratic leaders including House Speaker Nancy Pelosi parted ways over how to pay for it. Under his $2 trillion Build Back Better proposal for reviving […]
The state’s unemployment insurance trust fund, which typically raises $800 million a year via employer taxes, ran out of money in August, forcing the state to borrow $402 million from the federal government to date, said Michael Lucente, the unemployment claims director of accounts within the state Department of Labor. That loan has helped pay […]
