By Jeff Toquinto, News Editor
The city and developer will split the cost of the match for the grant, which is $390,000
Bridgeport City Council gave its approval Monday for City Manager Kim Haws to apply for a $1.3 million grant application from the EDA.
The grant would be used for infrastructure, primarily water and sewage, at the Charles Pointe Development. The grant is a 70-30 matching grant with the total cost to the city $390,000.
Mayor Joe Timms emphasized following Monday’s meeting that 50 percent of the commitment by the city will be covered by the developers of Charles Pointe. The city is hoping a successful grant application will prove to be a springboard for activity at the proposed $750 million development.
Work has been done on pads to host business, while the city said they still plan to building a convention center on the site.