The highway is officially designated by the Connecticut Department of Transportation as State Road 796 (SR 796) but is not signed as such.

In 2012, the Milford Parkway had an average daily traffic count of 58,800 vehicles in the northbound direction.

On ConnDOT highway maps, the route is referred to as the "Daniel S. Wasson Milford Police Department Connector.

The long loop ramp connecting to southbound Route 15, including the interchange with Wheelers Farms Road, was completed in 1993.

[citation needed] On June 23, 2003, the parkway was renamed to honor of Daniel S. Wasson, the first police officer to die in the line of duty in the city of Milford.