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New Haven economic development office pitches budget, touts downtown projects and land‑bank work
Summary
City economic development staff presented a steady general fund request and outlined ongoing downtown projects — State Street redesign, Union Station site work, a $5 million urban land bank and geothermal funding tied to Union Station — while answering alder questions about staffing and specific subsidies.
New Haven economic development staff presented their FY26 budget request and an overview of major downtown projects, telling the Finance Committee the department expects relatively modest line‑item changes but a busy project year ahead.
The presentation said the department’s operating-line items show “no real significant driving changes,” and noted a proposed accounting position shift into the department that would be added to the FY26 personnel list if approved. Staff emphasized capital projects — including the State Street redesign, Union Station-area development, Union Square mixed‑income housing concepts and a $5 million urban land bank funded through previously awarded urban act money — as priorities the department will pursue this year.
Why it matters: the department’s capital and special‑fund work underpins multiple private and public projects in downtown New Haven, including transit‑adjacent tower proposals and redevelopment…
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