Connecticut's Bond Commission on May 8 approved $9 million to assist the Steelepointe Harbor waterfront development project in Bridgeport.
"This is great news," said Mayor Bill Finch. "After decades of broken promises, we're seeing tremendous progress on construction at this major waterfront development project."
Starbucks, Chipotle and Bass Pro Shops have already committed to the project, according to Finch.
The city had requested the funds are requested to provide a grant-in-aid to Bridgeport Landing Development LLC to assist with the opening phase of improvements.
This phase includes rebuilding and raising the elevation of the bulkhead around the peninsula in accordance with federal and state requirements, construction of the public access walkway and associated dredging and environmental remediation.