The owner of the Bond Residences on Hartford's Asylum Street plans $1 million in renovations to put the building’s recent past as an extended-stay hotel behind it and carve out a new place in downtown’s apartment market.
Hartford approves tax breaks for historic downtown building that will be converted to apartments and a restaurant courant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courant.com Daily Mail and Mail on Sunday newspapers.
Hartford Mayor Luke Bronin said Monday that he will seek to spend about 40% of the estimated $117 million the Capital City could receive from the recently passed American Rescue Plan to fund economic and community development efforts.
In a statement released alongside his proposed $584 million city budget for fiscal year 2021-2022, Bronin put forward a three-year allocation plan governing how the federal aid would be divided up and put to use.
The largest single share, amounting to $47.3 million, would go toward stimulating economic development and growth in Hartford, including funding “key neighborhood investments” and supporting public-private partnerships, such as those overseen by the Capital Region Development Authority.
COVID-19, other factors lead to budget shortfalls within key state agencies hartfordbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartfordbusiness.com Daily Mail and Mail on Sunday newspapers.