Award of $750,000 with the objective to facilitate and evaluate public-private partnerships in which the private sector partner could assume a greater role in project planning, development, financing,…

This Cooperative Agreement award of $750,000 from the U.S. Department of Transportation's Asset Concessions and Innovative Finance Assistance program (CFDA 20.945) is intended to facilitate and evaluate public-private partnerships in which the private sector could assume a greater role in the planning, development, financing, construction, maintenance, and operation of transportation infrastructure projects.

The primary objective of this award is to support the 55 MLK Redevelopment Project being carried out by the Norwalk Redevelopment Agency in Norwalk, Connecticut. The overarching goal of this project is to create a vibrant, sustainable, and inclusive urban center that enhances quality of life, stimulates economic growth, and integrates with Norwalk's urban fabric. The award will enable the Norwalk Redevelopment Agency to acquire expert services and build organizational capacity to identify underutilized transportation assets with potential for private sector involvement, conduct feasibility analyses, and support activities related to asset concessions and innovative financing strategies.

Activities

55 MLK redevelopment project city of norwalk redevelopment agency deliverables/expected outcomes: the overarching goal of the 55 MLK redevelopment project is to create a vibrant, sustainable, and inclusive urban center that enhances quality of life, stimulates economic growth, and integrates seamlessly with norwalk?s urban fabric. Beneficiaries: residents of norwalk