Wrecking Ball Inches Closer To Bring Down Undeveloped Bridgeport Buildings: Report

BRIDGEPORT, CT — Bridgeport is moving toward demolishing four undeveloped buildings on Cherry Street, as developer Gary Flocco tries to keep the project afloat, the Connecticut Post reported.

The properties are home to the partially completed Cherry Street Lofts development, but the next phase of the project has long been delayed while Flocco deals with litigation on the effort.

So far, 158 apartments and a charter school have been built at the site.

Flocco is reportedly closing on loans in September to finance the next phase of the project, but the city plans to move forward with the demolition if it does not receive confirmation of the closing.

Read the Connecticut Post story.