State Wants More Details Before Considering Coliseum Redevelopment Funding

by Categorized: New Haven Coliseum Date:

State transportation officials said the city of New Haven and the developer of the former Coliseum site have requested funds for road and other improvements — but the state is waiting for more details on the project.

Judd Everhart, a spokesman for the state Department of Transportation, told me today that $20-$25 million has been requested for the project.

“That request has been posed to DOT, but we have not provided a definitive response,” Everhart said, in an email. “The city/developer owes the department more fully developed plans and estimates for our consideration.”

If approved, Everhart said, the funding would come through state-issued bonds.

City officials said Tuesday the funding is crucial to the completion of the $365 million redevelopment of the long-vacant Coliseum site. Plans calls for hundreds of apartments, retail space and a hotel, part of the larger “Downtown Crossing” project.

Financing for most of the project will come from private investors and real estate investment trusts, developer Live Work Learn Play, of Montreal, said.

In addition to the $365 million, another $33 million in public funds is required for road and other improvements. Of the $33 million, the city has committed to kicking in up to $12 million.

LWLP said construction could begin as early as next summer. On Monday, the city approved a key agreement for redeveloping the site, used for parking since 2007 when the Coliseum was demolished.

Read more here about plans for the site.

 

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