NORWALK, Conn. – Wall Street redevelopment got a boost Thursday afternoon when it was announced that the state Bond Commission is expected to approve $1.5 million toward Norwalk’s $7.5 million Globe Theater restoration.
The project is a centerpiece to the redevelopment of the Wall Street area, according to a press release from state Sen. Bob Duff (D-Norwalk).
The release also said the Bond Commission is expected to OK another $400,000 for improvements at the Maritime Aquarium at Norwalk.
The funds are part of an ongoing effort to promote Connecticut tourism, the release said. According to Gov. Dannel Malloy, travel and tourism activities generate $11.5 billion annually in economic activity for the state and are responsible for 110,000 jobs.
Through its 98-year history, the Globe Theater has hosted vaudeville and burlesque shows, movies and rock concerts. The venue has been closed for 10 years. Plans call for restoration of the theater into a general-use/multipurpose venue to accommodate live entertainment, conferences, assemblies and public performances, and is part of a larger development plan for the Wall Street area of Norwalk, the release said.
“The Globe Theater on Wall Street has a storied history in our city, Duff said. “Though the building has fallen into disrepair, it remains a local treasure, and holds the potential to transform the neighborhood around it if rejuvenated. I am proud to support this redevelopment effort, and thank Governor Malloy for his support.”
The Maritime Aquarium, home to featuring more than 1,200 marine animals of 259 species and the largest IMAX Theater in the state, will use its money to upgrade the original air conditioning chillers, which have been in need of ongoing repairs at a cost of tens of thousands of dollars annually, the release said.
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