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- Sep 26, 2013
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Maybe that state needs to re-evaluate the worth of the CRDA and Mr. Freimuth.
From today's Hartford Courant:
"A major renovation of Hartford’s XL Center would cost tens of millions of dollars more than an estimate of $107 million, throwing into uncertainty a long-debated makeover of the aging arena and likely forcing another downsizing.
Five months ago, the Capital Region Development Authority sought bids for what the already-downsized renovation of the sports and entertainment arena would actually cost. Since then, an analysis by the quasi-public CRDA of the bids — covering the individual components of the project — came in at more than $140 million. That’s not only well above the estimate, but also the state funding and private investment tentatively in place to finance the renovation.
“The dilemma is this: we can spend the $100 million and just make a lot of repairs and not have much to show for it,” Michael W. Freimuth, executive director of CRDA, which oversees the arena’s operations, said. “We can do a lot of sexy things and not do the base repairs. Then the elevator stops and then it’s ‘What did you do?’ We’re kind of between a rock and a hard place.”
From today's Hartford Courant:
"A major renovation of Hartford’s XL Center would cost tens of millions of dollars more than an estimate of $107 million, throwing into uncertainty a long-debated makeover of the aging arena and likely forcing another downsizing.
Five months ago, the Capital Region Development Authority sought bids for what the already-downsized renovation of the sports and entertainment arena would actually cost. Since then, an analysis by the quasi-public CRDA of the bids — covering the individual components of the project — came in at more than $140 million. That’s not only well above the estimate, but also the state funding and private investment tentatively in place to finance the renovation.
“The dilemma is this: we can spend the $100 million and just make a lot of repairs and not have much to show for it,” Michael W. Freimuth, executive director of CRDA, which oversees the arena’s operations, said. “We can do a lot of sexy things and not do the base repairs. Then the elevator stops and then it’s ‘What did you do?’ We’re kind of between a rock and a hard place.”