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BRIDGEPORT, CT-The state will contribute $8.5 million to helpthe City of Bridgeport purchase a critical parcel of land necessaryfor the future $1-billion development of the Steel Point peninsulahere, according to Gov. Jodi Rell.
The state funding will help the city acquire almost 14 acres ofland currently owned by United Illuminating. Bridgeport, which isseeking to acquire the property by eminent domain, and the utilityhave been squabbling over the property's value. The State ofConnecticut Department of Public Utility Control held a hearing onthe issue on Tuesday in New Britain in an attempt to resolve thedispute. In the past seven years, the City of Bridgeport hasacquired more than 100 properties comprising two-thirds of the morethan 50-acre peninsula.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
