The State Bond Commission is expected at its meeting Friday to approve nearly $6 million to the borough of Naugatuck to support the revitalization of the Rubber Avenue corridor. In late April, state legislators representing Naugatuck and Mayor N. Warren “Pete” Hess celebrated the approval of a $5,754,493 grant for the project through Community Investment Fund 2030, a state grant program established in 2022 to support economic development in historically underserved communities across Connecticut. The Bond Commission vote Friday will make the funding available. It is part of a larger bonding allocation of $74.7 million to finance 27 projects that Community Investment Fund 2030 Board approved in March. Naugatuck will use the CIF grant to address storm water issues in the areas of Scott Street and Nettleton Avenue and improve the development of the Risdon property, a 12-acre former manufacturing site at 0 Andrew Ave. The funds will also supplement the borough’s current Rubber Avenue project that is underway.
https://www.rep-am.com/localnews/2024/06/03/naugatucks-rubber-avenue-project-likely-bonded/