Transportation (Ports)

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.

HB 5243 authorizes Connecticut to issue up to $8 million in state bonds for economic development in the greater Mystic area (Groton and Stonington). The funds will finance specific projects including dock/pier improvements, parking garage construction, shuttle boat service, and riverwalk enhancements. These projects aim to boost local economic activity and tourism infrastructure. The bonds are general state obligations, repaid through state appropriations, with funding effective July 1, 2026.