Port Authority chair: Officials knew State Pier would cost more than $93M
The chairman of the Connecticut Port Authority said Thursday that officials knew as far back as May 2019, when the project was first pitched, that the cost of converting the State Pier in New London into the staging point for an offshore wind farm was going to exceed estimates. The Port Authority and Gov. Ned Lamont’s office announced in May 2019 that the project would cost an estimated $93 million. But officials even then knew the cost was going to be closer to $120 million, David Kooris told the State Bond Commission on Thursday.
Source: hartfordbusiness.com
