WATERBURY -- At a park and ride lot off exit 23 of Interstate 84 Tuesday morning, Gov. Dannel P. Malloy and other Democratic politicians touted his five-year slate of highway and transit projects, including a project to widen and repave a 2.7 mile stretch of the interstate, passes through the city.
"This is for the workers 10 years from now or 20 years from now who are getting home from work on time to watch their children's soccer games," said U.S. Rep. Elizabeth Esty, D-Conn. The plan first issued in January also includes a combined $130 million to repave and rehabilitate the Merritt Parkway in Stamford and add speed-change lanes at exits 14 and 15 in Norwalk on Interstate 95, which is one of the worst traffic bottlenecks in the state. "We are moving projects along," Malloy said. The list of projects totals about $1.8 billion combined, $1.4 billion of it for highways and roads, and $345 million for bus and rail infrastructure. Malloy said the budget includes $57 million for paving pockmarked roads damaged this winter. CLICK TITLE TO CONTINUE
State shops bonds for Bridgeport Bass Pro
Connecticut will offer $22 million in municipal bonds to help finance a new store for outdoor retailer Bass Pro Shops in Bridgeport. The sale of the general-obligation bonds through Connecticut Innovations Inc. is expected the week of May 5, according to Moody's Investors Service. The state's financing arm for companies would use the proceeds for a grant toward the construction of the 140,000-square-foot facility, Moody's said. Moody's grades the new securities Aa3, its fourth-highest investment-grade step, saying bond payments are required to be made without further action by the legislature. Bass Pro sells fishing, hunting and camping gear in 85 shops across the U.S. and Canada that are visited by more than 116 million people a year, according to the Springfield, Mo.-based retailer. The store in Bridgeport would "help revive the local economy," Gov. Dannel P. Malloy said in a July 2012 release on the development.
Permit granted for 31-unit development