Under a new agreement between developer Blackrock Realty, TD Bank and the state of Connecticut, a third commuter rail station under construction in Fairfield now has the necessary financing to be completed in the summer of 2011.
In January, the State Bond Commission approved $19.4 million to finance the acquisition of Blackrock”™s property at the site, the construction of an access road and the installation of a drainage system. Under the new agreement, Blackrock is now turning over its parcel to the state, which will receive revenues from a 1,200-space parking lot to be built at the site.
The station sits adjacent to the proposed Fairfield Metro Center site that is approved for as much as 1 million square feet of space and a 180-room hotel.
The as-yet-to-be-named station will include a new bridge for vehicular traffic and a “flyover” pedestrian walkway to provide pedestrian access to north- and south-bound platforms.
“We have finally come together ”¦ in trying to get this project moving forward,” said Gov. M. Jodi Rell, speaking in Fairfield Thursday morning. “(The agreement) will be the catalyst to get this project moving.”
