Bond Commission to consider millions of dollars for economic development projects, including in downtown Hartford

A roughly 1,000-apartment development next to Dunkin’ Donuts Park in Hartford is up for a $13.6 million infusion through the State Bond Commission’s agenda next Tuesday. That means Hartford can be reasonably certain of $13.6 million for a loan to help launch the second phase of the roughly “Downtown Crossing” (formerly Downtown North) project under Stamford-based developer Randy Salvatore. Salvatore is redeveloping four empty lots next to Dunkin’ Donuts Park in phases. The first – a $50 million construction of a 330-space garage and 270 apartments – launched in Oct. 2020. According to the Bond Commission agenda, Salvatore will finance that effort with the state money, $33.2 million in “other financing” and $6 million in equity and developer fees.

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