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Panel To Consider Funds For Bridgeport Project

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HARTFORD, Conn. (AP) _ The State Bond Commission is scheduled to vote on a financing package for a planned Bass Pro Shops store that would anchor Bridgeport’s long-awaited Steel Point waterfront development project.

The panel, chaired by Gov. Dannel P. Malloy, is scheduled to meet Friday to authorize $22 million in state bonds that are supposed to be paid back over 20 years from the sales-tax revenues generated by the store, which sells fishing, boating, hunting and camping equipment.

Bass Pro Shops has estimated it will attract 3 million annual visitors.

Also Friday, commission members will consider releasing $10 million in bonded grants to eligible institutions that are conducting embryonic or human adult stem cell research, and $10 million for local school security upgrades, such as reimbursement for entry door buzzer systems.

(© Copyright 2013 The Associated Press. All Rights Reserved.)

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