Governor Dannel P. Malloy, who runs the State Bond Commission, says the panel on Friday will approve $2.5 million to pay for New Milford’s planned demolition of the tumble-down Century Brass mill site. The project, expected to create a total of about 50 construction jobs, will help create the 72-acre Century Enterprise Center.
“The Century Enterprise Center has tremendous potential for commercial and ‘green’ industrial use that will generate economic development and create jobs, but for too long his site has sat unused,” Malloy said. “The state’s investment in this project demonstrates our ongoing to commitment to work with municipal partners to restore blighted properties, bolster our economy and improve the quality of life for residents.”
“I’m very grateful for Governor Malloy’s decision to partner with New Milford in helping to move this worthwhile project forward,” said Sen. Clark Chapin, R-New Milford, in a statement. “This additional investment by the state will greatly enhance the town’s ability to transform the former Century Brass property from its idle state to a productive one.” The new site is expected to pump up the town’s tax base by $300,000 a year.
Each month, in the days before a State Bond Commission meeting, Malloy’s office joins with lawmakers in underscoring projects scheduled to receive long-term state funding.