The former site of the New Haven Veterans Memorial Coliseum in Connecticut is set to be transformed into a bioscience technology hub. The site, which has been used as a parking lot since the closure of the arena in 2002, will now be home to a class-A life science and technology office building. The state is providing nearly $1 million in funding for the project. The construction is expected to bring jobs to the city, and the building will house approximately 750 employees once completed. The project will also include the construction of mixed-use apartments on the site.
Mayor Justin Elicker hopes that the development will provide greater access to job opportunities in the life sciences and bioscience sector for residents of New Haven. The state grant will cover part of the cost of soil remediation and excavation for the new building. Governor Ned Lamont expressed his support for the project, saying that it represents progress and a new type of music.
The construction is estimated to cost $200 million in total, and the developers are currently awaiting a lease and construction financing before they can begin building. They hope to start construction in the spring and open for business in 2026.