The Board of Alderman voted to approve an agreement to have the State of Connecticut fund more than 75 percent of the million dollar economic development project at 223 Canal Street.
During the BOA April 14 meeting, the board approved an agreement entitled the Assistance Agreement by and between the State of Connecticut under the Department of Economic Development. The board’s approval grants Shelton $875,000 for the 223 Canal Street site. The money would go towards demolition remediation and redevelopment project.
Gov. Dannel Malloy’s office announced in February that it was awarding a total of $8.7 million to 16 towns to help fund assessment and remediation efforts of blighted properties.