Swanston should soon have more certainty about if and when his vision for the lower East Side in Bridgeport, which includes the soccer venue, a hotel, 1,100 housing units and public recreational space, will become a reality. The state House of Representatives recently passed a bill that would, should Bridgeport officials so choose, allow the city to use tax incremental financing (TIF) to help pay for up to $190 million of the stadium and infrastructure construction. A portion of any new real estate taxes generated by the project would pay off the debt rather than going directly into Bridgeport’s municipal coffers. There has been a simultaneous push for state lawmakers to also commit about $100 million to Swanston’s project as part of any borrowing or bonding package included in a new two-year Connecticut budget negotiated with Gov. Ned Lamont. Felipe and Bridgeport state Reps. Christopher Rosario and Steve Stafstrom in separate interviews emphasized the importance of getting Lamont to back the stadium spending. Lamont has previously expressed support for Swanston’s effort but not about providing significant state funds, preferring the private sector to take on that responsibility.
https://www-ctpost-com.translate.goog/news/article/bridgeport-soccer-stadium-legislators-aid-funding-20353015.php?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp&_x_tr_hist=true