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New London The state has put a $235.5 million overall price tag on the project to redevelop State Pier into an offshore wind hub.
The figure represents the actual cost of the redevelopment, with $204 million for the construction project and an additional $31 million for “soft costs,” Office of Policy and Management Deputy Secretary Konstantinos Diamantis said during a State Bond Commission meeting Friday.
During the meeting, the State Bond Commission approved $55 million toward redeveloping and upgrading the pier, which Connecticut Port Authority Executive Director John Henshaw told The Day will enable the project to move forward with work that is currently permitted and essentially get started.