A committee of the Capital Region Development Authority recently backed a request from the city to transfer $2 million in city funds managed by CRDA to the demolition of the deteriorating, former data processing center on Windsor Street. The full CRDA board must still approve the transfer from a stalled, mixed-use development in Parkville, but typically committee approval leads to backing by the full board. The city expects a $6 million state grant to largely cover the estimated, $9.4 million cost of knocking down the former bank procession center at 150 Windsor St. The city has another $1.4 million set aside for the demolition. The developer of the apartments and parking garage at 17 and 35 Bartholomew Ave., Carlos Mouta, told The Courant that the project is essential to future growth in Parkville because it will provide sorely needed parking, already at a premium in the neighborhood. But Mouta said he understood the need for pulling the funding for the downtown project, as long as it become available again in the future for the development in Parkville, given the need for parking.
How $2 million in public funding could help a CT site needed for future major development