DOT Logo U.S. Department of Transportation
Office of Secretary of Transportation
1200 New Jersey Ave., S.E.
Washington, DC 20590

Notice Of Grant Award

Title: FY20 Better Utilizing Investment to Leverage Development (BUILD) Grants
DOT Agency Disbursing Funds: Office of Secretary of Transportation
Project Name/Number: Regional Value Capture Mechanism Study
Award Recipient Western Connecticut Council of Governments
City/Country/State Fairfield County,, CT
Place of Performance Fairfield County, CT
State Congressional District 4, 5
Entitle Amount $ 0.00
Discretionary Amount $ 400,000.00
CARES Amount $ 0.00
Total Grant Amount $ 400,000.00
DOT Regional Office/Telephone Number Tonya Gross (202) 366-4563

Description:
This project will fund the "Regional Value Capture Mechanism Study" along the Metro-North Danbury and New Canaan Branch Lines in Connecticut. The purpose of this study is to determine whether a regional value capture mechanism, such as a Tax Increment Financing (TIF) district or comparable mechanism, can be used on a regional, multi-jurisdictional level to generate the funds required to support improvements along the two Branch Lines. The study will include extensive legal, governance, service, and economic analysis to develop a financial and implementation plan.

Optional quote for possible use in your media outreach: “This Administration is making significant investments in infrastructure, and this $1 billion in BUILD grants will repair, rebuild, and revitalize transportation systems across America,” said U.S. Secretary of Transportation Elaine L. Chao.


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Should you have any questions, please contact the Office of Governmental Affairs (202)366-4573.