Bridgeport To Receive $990K For Blighted Properties

BRIDGEPORT, CT — The state has awarded $17.9 million in grants to 13 municipalities to remediate 40 blighted properties for the purpose of putting them back into productive use, according to a statement from Gov. Ned Lamont.

Included is $990,000 for the remediation and redevelopment at the former UI Power Plant site located at 137 East Main St. A multi-family, mixed-use development consisting of approximately 421 units and approximately 10,000 square feet of commercial, retail, office, and restaurant space will be constructed on the 6.5-acre site.

The grants are from the Connecticut Department of Economic and Community Development’s Brownfield Remediation Program. They are expected to leverage $427 million in private funding and will help in the investigation and clean-up of approximately 78 acres of land.

“Cleaning up blighted properties that have been vacant for decades and putting them into productive use will ultimately generate back many more times the amount of these grants through private investments,” Lamont said in a statement. “If we remediate these properties now, we can turn an eyesore into an asset, revitalize neighborhoods, and transform otherwise unusable property into new space for businesses and residents.”