The site will be redeveloped into a 49 mixed-income rental apartment complex.
The grants are being released through the Connecticut Department of Economic and Community Development's Brownfield Remediation and Development Program.
The state investments will leverage approximately $530 million in private investments and facilitate the creation of 1,392 units of new housing, as well as the growth of new businesses.
A customized collection of grant news from foundations and the federal government from around the Web.
First Enterprise Business Agency (FEBA), a Nottingham-based business support organization, is a contender for two categories at the first Citi Microentrepreneurship Awards to be held this coming February.