Brbc video bpt mktg cmpgn ec dev june 2010

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Bridgeport Economic Development 2010 Selected Projects to be presented at any organizational or professional meeting or employer site in Fairfield or New Haven County.

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Brbc video bpt mktg cmpgn ec dev june 2010

  1. 1. ECONOMIC DEVELOPMENT PROGRESS Selected Projects 2010 Mayor Bill Finch Donald Eversley, Director Office of Planning & Economic Development Paul Timpanelli, President & CEO Bridgeport Regional Business Council
  2. 2. A Connecticut Hub • Central location in a vibrant region • Unrivaled transportation connections • New Master Plan and Zoning Regulations • B-Green 2020 Plan for sustainable growth, jobs, & energy
  3. 3. Housatonic Community College Expansion • $55 Million expansion completed Dec 2008 • 5,900 students currently enrolled
  4. 4. The Lofts 881 • $7 Million adaptive reuse project, completed Summer 2008 • 38 Residential condominium units, 3,000 square feet of retail space
  5. 5. CityTrust Building • $30 million adaptive re-use project • 118 residential units, full occupancy • Citibank, Amici Miei Italian café & wine bar
  6. 6. The Arcade & Atrium • $22 Million adaptive re-use project - 23 residential units, full occupancy; several dozen renovated retail spaces; historic atrium restoration
  7. 7. Bijou Square • $32 Million restoration of historic buildings for office & retail • $24 Million new construction for residential and retail space
  8. 8. Columbia Towers • $ 9 Million adaptive reuse project, 65 condo units, completed Spring 2009
  9. 9. Bridgeport Holiday Inn $10 million dollar renovation in 2009-10 to include new front and rear entry ways, the BLUE MARTINI lounge and appointed all 209 guest rooms with new furniture, floors, bathrooms, flat screen TVs, etc.
  10. 10. Derecktor Shipyards • Began Bridgeport operations in 2001; established itself as an industry leader in producing water taxis, high-speed ferries, mega-yachts and other specialty and luxury craft. • Employment has grown from 160 to 400 • $30 Million capital expansion plan underway to capture a growing commercial customer market
  11. 11. Inter-modal Transportation Center • $23 million state-of-the-art bus terminal physically links to the railroad platforms via a covered walkway. • 17 bus bays accommodate as many as 17 buses simultaneously. • Features a 10,000 sq ft passenger terminal.
  12. 12. West End Industrial Park • 4 new buildings totaling 210,000 sf; Dari Farms, AKDO granite supply, Chaves Bakery, A! Trucking Supply • Buildings completed in 2000, 2005, 2006, and 2008 • Created revitalization corridor that is also now home to Cesar Batalla School
  13. 13. United Rentals • United Rentals moved to Bridgeport from Fairfield to a 40k sq ft facility at a remediated brownfield on Housatonic Ave north of downtown – its largest site in New England. • Estimated annual property tax revenue exceeds $300,000
  14. 14. Lecoq Cuisine • Lecoq Cuisine Corporation is a wholesale, high-end French bakery that distributes throughout USA • In 2005, Lecoq relocated from Stamford with 25 employees to an abandoned industrial building on Union Ave. They refurbished the structure into 60,000 sq ft of state-of the art commercial baking space. • In 2010, the company is generating over $10 million in sales with 86 workers. • The company is developing plans for an additional $10 million capital investment in facilities and machinery that will more than double their production output and create many more jobs.
  15. 15. Columbia Elevators • Relocated from Port Chester NY corporate headquarters to Bridgeport in 2009. Purchased 40,000-sq-ft building at 380 Horace Street in North Bridgeport (formerly the Conco/Casco plant) – employs over 100 • $2 million in State-bond financing for extensive renovations and remediation. Columbia is a growing force in the elevator industry with 400% growth between 2001 and 2009.
  16. 16. B&E Juices • In 2009 B&E Juices Fairfield County’s distributor of Snapple beverage products invested $2.5 million for 4 acres & 30K sf building at the former Acme United scissor factory. Environmental remediation & conversion into expanded headquarters warehouse complex.
  17. 17. A new 2nd Bridgeport Price Rite store opened January 2010 at the former National Wholesale Liquidator’s site located at 4425 Main Street. The 45,000 sq ft store will generate over a hundred new jobs.
  18. 18. Casey Family Services Relocated January 2010 to a newly renovated building at 779 Main Street bringing over 40 new jobs to downtown.
  19. 19. Seaview Plaza Development Proposal 150,000 square foot East End retail/commercial development has been proposed by Simon Konover Company for the remaining undeveloped portion of the former Carpenter Steel site on Seaview Avenue.
  20. 20. Steel Pointe Harbor Sept 2009 - restructured plan for 2.8 million square feet of development: retail, residential, restaurant, marina and waterfront access
  21. 21. School Construction Program • 5 New pre-K to 8 schools • 4,580 Students • 638,000 SF - $247.6 Million • 3 New Regional Magnet Schools • $50 million in multi-school repairs are underway
  22. 22. Cesar A. Batalla ES (West End) Grand Opening January 2007 Swing Space School at UB (South End) Barnum & Waltersville ES (East Side) North End/Hollow ES Jettie S. Tisdale Elementary School (East End ) The Discovery Museum Discovery Magnet School Preliminary Sketch
  23. 23. MEDICAL SECTOR As the center for hospital care in Eastern Fairfield County, Bridgeport’s health care industry continues to grow, invest in state-of- the art facilities and generate quality jobs.
  24. 24. •More than 2,000 employees •2009 - invested $140 Million •Adding parking capacity, •90,000 sf addition to its emergency facilities •Established new cancer center St. Vincent’s Medical Center Second Major Expansion
  25. 25. Bridgeport Hospital Expansion BRIDGEPORT HOSPITAL •Employs 2,600 •Invested $70 Million to improve its 800,000 sq ft complex.
  26. 26. The Watermark at 3030 Park Senior living and assisted living center •Completed $40 Million expansion and rehabilitation project in 2009 •Previous tax exempt property back on tax roll under PILOT agreement
  27. 27. Regional Connectivity Economic Advantages and Strengths •Health Care •Strong Workforce •Transportation •Education •2009 ‘One Coast’ Regional CEDS
  28. 28. Income Distribution (Greater than New Haven) •$96.5K 15 mi radius •$79.3K 7 mi radius •$65.3K US medium Regional Integration Opportunities
  29. 29. Economically Surpasses Other CT Urban Centers •Homeownership •Housing Values •Transportation •College Grads •Middle Class
  30. 30. Collaboration with the City of Bridgeport Created by local marketing firms Airing on network & cable channels http://surpriseitsbridgeport.com / Marketing Bridgeport
  31. 31. Gail SolisGail Solis Executive DirectorExecutive Director ChamberChamber ofof CommerceCommerce 203.335.3800 • www.brbc.org203.335.3800 • www.brbc.org Jeff BishopJeff Bishop CenterCenter forfor Business GrowthBusiness Growth Tim BartlettTim Bartlett ChairmanChairman CCreatingreating OOpportunitiespportunities forfor BBusinessusiness GGrowthrowth

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