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A Chicago private-equity investor was the only bidder in the latest attempt to sell XL Center
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[QUOTE="Guapo, post: 2773980, member: 8179"] It really is an "all of the above" argument. There are certain local policy decisions that have hurt the state but there are also a ton of overarching macro trends beyond the state's control. In my opinion, the biggest one is the trend towards urbanization. Connecticut benefited greatly from the suburbanization trend of the 50's-90's and it has been disproportionally hurt by the reurbanization that we've seen this century. Connecticut has multiple major cultural and economic centers laying within easy driving distance of its boarders with which no city within its boarders can truly compete. However, there is an ebb and flow here; as these cities become increasingly unlivable expense-wise, I think you'll see an increasing number of people leaving the cities. I think Connecticut will benefit from that and I think we've seen the start of this happening in places like Stamford. Also, the end of the Cold War had a tremendous impact on the state's industrial base. Pratt, EB, Sikorsky and their network of suppliers were severely impacted by the loss of Cold War era military spending. [/QUOTE]
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A Chicago private-equity investor was the only bidder in the latest attempt to sell XL Center
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