Bond Commission set to approve $340.2M for projects, including Founders Plaza redevelopment

The State Bond Commission is expected to approve $340.2 million in funding for projects across the state when it meets Friday morning. The agenda includes a $6.5 million request for abatement and demolition of buildings at Founders Plaza in East Hartford, including the former McCartin School and three adjacent buildings. The commission is also set to redirect about $7 million previously allocated for redevelopment of East Hartford’s Silver Lane and Rentschler Field corridor for construction of new apartments at the former Showcase Cinema site. At least 300 units are planned for the 25-acre site. The agenda also includes $4.85 million earmarked for renovations to the state Capitol complex, including skywalk upgrades, hearing room renovations, carpeting, technology upgrades, and other improvements and repairs. The commission will also consider a $30 million request to provide supplemental financing for redevelopment and upgrades to the State Pier in New London. The plan is to create a modern, heavy-lift port through a public-private partnership.

https://www.hartfordbusiness.com/article/bond-commission-set-to-approve-3402m-for-projects-including-founders-plaza-redevelopment

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