Mayor Joseph P. Ganim
For Immediate Release:
October 16, 2019
For More information:
Josue Jorge (203) 576-7201
MAYOR GANIM JOINS OPED TO VIEW REMEDIATION PROCESS OF DOWNTOWN THEATERS
FIRST PHASE OF RESTORATION FOR MAJESTIC & POLI THEATERS
Bridgeport, CT – Mayor Ganim joined the Office of Planning and Economic Development (OPED) to view the interior of the Majestic & Poli Theaters that are now adorned with thick plastic sheets and workers in white protective suits for the professional removal of asbestos and environmental hazards. After clearing the space of stored items, CPM Environmental has officially begun the remediation process of the theaters.
“These buildings sat empty with no movement—there was no one interested in putting private money into this for twenty years,” stated Mayor Ganim. “Once the renovations for the Majestic are more visible from the outside, residents, visitors and developers will be more excited about this historic development - that is now a part of Bridgeport’s growth and future.”
“The developer has been working behind the scenes gathering marketing and hotel studies, meeting with hotel chains and financing companies—it’s a complicated project” said OPED Director Tom Gill. “Hiring CPM to complete remediation, in order to get the construction and restoration aspect going, is a major step. We’re extremely excited about this project launching.”
Craig Livingston, managing partner at Exact Capital, said, “We’re excited to have started construction in the Majestic and Poli Theaters. This current phase is dedicated to ensuring the site is environmentally clean with the remediation of hazardous asbestos, led paint, and PCB’s which will take approximately 3-4 months. We will immediately turn our attention to the adaptive reuse of the hotel and theater spaces. We’re looking forward to taking downtown Bridgeport to the next level.”
The important phase is made possible by the investor’s financial commitment. Through the remediation process, CPM Environmental will maintain the structural integrity and preserve historic elements of the site.