Development deal dead, Bridgeport seeks $100M for downtown theaters

Months after a development deal to renovate a pair of historic, 100-year-old downtown theaters collapsed, Mayor Joe Ganim’s administration has given up on the private sector spearheading the saving of the Majestic and Poli Palace, and is instead seeking nearly $100 million in state dollars to fix up the structures. The effort to secure such a substantial amount of state money is, according to some local officials, not a plan, but a desperate long shot. Coleman last week told the council’s economic development committee that City Hall has a Plan B — applying to the new Community Investment Fund the state legislature established in 2021 for nearly $100 million to save the theaters. Coleman also noted how that $100 million would not get the job finished.

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