Connecticut Sports Group (CTSG) extends its sincere thanks to the Bridgeport House delegation for their leadership and tremendous support of our request to establish a Tax Increment Financing (TIF) district in Bridgeport – which passed the House unanimously. Their support represents a major step forward in realizing a transformative live-work-play destination that will bring over 1,000 housing units, 1,300 permanent jobs, and generate significant new revenue for Bridgeport while delivering $3.4 billion in economic impact to the State.
TIF has been successfully used in projects like Steelpointe in Bridgeport and Harbor Point in Stamford to unlock private investment and fund essential infrastructure. With the House delegation’s support, Bridgeport is one step loser to turning this underutilized waterfront into a dynamic economic and cultural hub. The TIF will make it viable to deliver new housing as part of a mixed-use community that serves the city’s long-term growth.
The TIF can support critical components of the project, including:
This is a meaningful milestone for the city and its residents, and we look forward to continued collaboration with local and state leaders as we work to bring this vision to life. Special thanks to Representative Chris Rosario, who serves as Chair of the Bridgeport delegation, and to all of the Bridgeport House members who supported the measure including Rep. Baker, Rep. Brown, Rep. Felipe, Rep. Gee, Rep. McCarthy-Vahey, and Rep. Stafstrom. The next chapter rests with the Senate—whose vote holds the promise of turning possibility into progress for Bridgeport and beyond.
