Transportation

This bill amends a prior agreement to transfer a 1-acre state-owned land parcel in Bridgeport to the Bridgeport Port Authority for free, covering only administrative costs. The land, located near Interstate 95 and Stratford Avenue, must be used for economic development or waterfront projects, with any future sales or leases requiring fair market value pricing and proceeds going to the state's Transportation Fund. The Department of Transportation must also grant the Port Authority a right of way to access the property, while the State Properties Review Board must approve the transfer within 30 days.