REDDING, Conn. -- State officials have approved $2 million in funding to go towards the redevelopment of the Georgetown Wire Mill which sits on the borders of Redding, Weston, Wilton and Ridgefield.
The grant will allow the Georgetown Special Taxing District to reconstruct the Norwalk River Flood Walls as part of the redevelopment at the former Gilbert & Bennett wire mill factory.
The work will put the project outside the 100-year floodplain, and will keep potentially contaminated soils from eroding downstream during severe flooding conditions. The work will also make the project compliant with the regulations of the National Flood Insurance Program and the Federal Emergency Management Agency.
“The Georgetown Wire Mill Project continues to be a valuable investment in our community, and this grant will help both the environment and the economic viability of the Project,” said Rep. John Shaban (R-Easton, Weston, Redding) in a statement. “I’m pleased we were able to direct some state tax dollars back to our towns, and I thank the Bond Commission for recognizing the importance of this Project.”
The Georgetown Wire Mill Redevelopment calls for 150,000 square feet of commercial development with 416 residential units, a 20,000 square foot community theater, 135,000 square feet of retail space and a commuter rail station.
The first build out phase will be leveraged with approximately $60 million in private investment for residential development that includes up to 100 housing units.
Rep. Shaban and Redding’s other State representatives, Rep. Carter and Sen. Boucher, along with former First Selectman Natalie Ketcham worked in support of the request.