By Keith M. Phaneuf
The State Bond Commission today approved $31 million in financing to allow a leading sporting goods retailer to locate in the long-planned commercial development on Steel Point in Bridgeport.
Bass Pro Shops will benefit from the state funds. Contributed photo
And though the commission unanimously approved the financing for Bass Pro Shops, that endorsement came amidst an ongoing partisan debate over Gov. Dannel P. Malloy’s handling of the state’s credit card for capital programs.
Bass Pro has announced plans to open a 140,000-square-foot facility at the harbor, with total development and financing costs expected to fall just under $70 million.
Besides the $31 million approved today, the state also is expected to provide $9 million in future assistance with the developer providing the remaining $38.5 million.
Click here for more of story
