brbc video bpt mktg cmpgn ec dev june 2010

ECONOMIC DEVELOPMENT PROGRESS

Selected Projects 2010

Mayor Bill FinchDonald Eversley, DirectorOffice of Planning & Economic DevelopmentPaul Timpanelli, President & CEOBridgeport Regional Business Council

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

Housatonic Community College Expansion

• $55 Million expansion completed Dec 2008• 6,200 students currently enrolled

The Lofts 881

• $7 Million adaptive reuse project, completed Summer 2008• 38 Residential condominium units, 3,000 square feet

of retail space

CityTrust Building

• $30 million adaptive re-use project • 118 residential units, full occupancy• Citibank, Amici Miei Italian café & wine bar

The Arcade & Atrium

• $22 Million adaptive re-use project - 23 residential units, full occupancy; several dozen renovated retail spaces; historic atrium restoration

Bijou Square

• $32 Million restoration of historic buildings for office & retail• $24 Million new construction for residential and

retail space

Columbia Towers

• $ 9 Million adaptive reuse project, 65 condo units, completed Spring 2009

Bridgeport Holiday Inn

$10 million dollar renovation in 2009-10 to include newfront and rear entry ways, the BLUE MARTINI lounge andappointed all 209 guest rooms with new furniture, floors, bathrooms, flat screen TVs, etc.

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

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.

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

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

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.

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.

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.

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.

Casey Family Services

Relocated January 2010 to a newly renovated building at 779 Main Street bringing over 40 new jobs to downtown.

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.

Steel Pointe Harbor

Sept 2009 - restructured plan for 2.8 million square feet of development: retail, residential, restaurant, marina and waterfront access

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

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 MuseumDiscovery Magnet School

Preliminary Sketch

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.

•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 CenterSecond Major Expansion

Bridgeport Hospital Expansion

BRIDGEPORT HOSPITAL•Employs 2,600•Invested $70 Million to improve its 800,000 sq ft complex.