Waterbury Bonding Approved

May 11, 2017

I am pleased to announce that the State Bond Commission has approved over $45 million in funding to be used towards mixed income family housing units, transportation, and renovations to Waterbury's courthouses.

The State Bond Commission approved the total funding of $45,350,000 during their meeting on Friday, May 12th at 10:30 a.m. in Room 1E of the LOB.

“This funding will be instrumental in transforming the former Waterbury Clock Company complex into usable housing units,” Berger said. “This funding will revitalize the neighborhood by turning a vacant complex into a building that residents will be able to move into with their families.”

Berger continued, “The transportation funding Waterbury is expected to receive under the Let’s Go! CT program will improve the town’s train and highway systems, making traveling safer and quicker for residents. I am grateful that Governor Malloy is expected to support this funding as it will bring economic prosperity for Waterbury.”

The bonding package includes the following items:

  • Loan to Cherry Avenue Partners, LP to assist with the rehabilitation and adaptive reuse of the former Waterbury Clock Company complex. This project consists of development of 40 mixed income family housing units – $3,200,000
  • Bureau of Public Transportation, Cab signal and automatic train control systems on the Waterbury Branch Line $35,000,000
  • Design Studies for Reconstruction of I-84/Route 8 Interchange in Waterbury $5,000,000
  • Façade Repairs to the Waterbury JD Courthouse-$1,150,000
  • Roof top unit Replacement to the Waterbury GA Courthouse-$1,000,000

Tags: