Governor Malloy Won't Push For Costly XL Center Upgrades

Discussion in 'Conference Realignment Board' started by Drew, Feb 1, 2016.

  1. Drew

    Drew Its a post, about nothing!

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  2. FDNY99

    FDNY99

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    This makes it even more imperative that UConn get the ball rolling on finalizing plans for their on-campus facility. If the Wolfpack pull the plug I can't see a AHL team coming in to replace them in Hartford. That leaves UConn as the main ice surface tenant with 15-17 dates tops.
     
  3. ct06111

    ct06111

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    Ice making machine?: YES, it's needed
    Metal detectors?: OK, safety is good, less employees to pay to pat you down
    security measures would incorporate facial recognition technology and the ability to track license plates? : NO
     
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  4. FartMan69

    FartMan69 I can't believe I ate the whole thing

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    I'd bet that with the amount of money they've thrown away to keep that dump open they could have built a brand new one by now. The state is just waiting for the roof to fall off again as an excuse to pull the plug.
     
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  5. Chief00

    Chief00

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    If it someday gets re-modeled the thing they seem to be missing in their proposals is improving fan seating for the masses - not the few ultra premium seating but seating that will entice sell outs vs stay at home on HD TV.

    There are ways with overhanging second decks etc to vastly improve the seating. Without that another CT busway white elephant.
     
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  6. FartMan69

    FartMan69 I can't believe I ate the whole thing

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    What stadium in the last 30 years has an overhang?
     
  7. Chief00

    Chief00

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    Almost all.
     
  8. FartMan69

    FartMan69 I can't believe I ate the whole thing

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    There's a difference between a second level and "overhang"
    Old Yankee stadium had an overhang, the new one does not.
     
  9. ct06111

    ct06111

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  10. CardiffGiant

    CardiffGiant

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  11. FartMan69

    FartMan69 I can't believe I ate the whole thing

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    This ain't happening, sucks but honestly its 20 years too late.
     
  12. Redding Husky

    Redding Husky Dallas, Texas

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    The state is in an economic funk and it remain that way as long as long as the state government maintains a high tax policy. Does Connecticut want to grow like it did from 1945 to 1980? Go back to the low taxes we had then. This is not rocket science. High taxes and strict regulations strangle business.

    Government should try to attract business, not run it off.
     
    Last edited: Jun 8, 2016
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  13. huskymedic

    huskymedic

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  14. Padutch5

    Padutch5

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    To me it's the age old question, which comes first the chicken or the egg? Connecticut has always struggled with that. How do you get a state out of an economic funk? Does anyone remember the intense discussion over building the Rent? Major factions then and now believed the money would have been better spent on putting more money into the city of Hartford [imagine how they could have pi--ed it away] or more welfare etc,
    Would we have been better to have Hartford put $75 mil into a baseball park or into a new stadium for Basketball and Hockey? How about $600 million into a new XL center rather into Malloys pet busway which is mainly used to allow Central students party in downtown Hartford. We in Ct. Are our own worse enemy . Sorry, as in business, you can't lay off to get to sustained profitability . It's takes investment.
     
  15. ct06111

    ct06111

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  16. Waquoit

    Waquoit

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    @Padutch5 If there were "intense discussions" over building The Rent, they didn't last long. I can't remember a major state project being approved and executed in such a short time.
     
  17. Exit 4

    Exit 4 This space for rent

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    As one of the most indebted states per capita, with one of the highest tax burdens per capita, the question of chicken and egg on state subsidized economic development is as cloudy as ever given we are also last in job recovery since 2008. Regardless of your political POV, its pretty clear in the decade to come, CT will have fewer arrows in its quiver to develop new civic projects given it largely has spent its wad so to speak. There isn't really any rope left to borrow or tax more to juice the local economy.
     
  18. CL82

    CL82 It's going to be ok - calm down and enjoy the ride

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    Perhaps that is a good thing as far as the XL center goes, since there is no realistic projections for any reasonable ROI from dumping $600 M into that building.
     
  19. Padutch5

    Padutch5

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    I agree with the observation that Ct has fewer arrows in its quiver. This didn't stop the Ct bond commission from approving several hundreds of millions in new bonding for a variety of projects this week. Our dear Gov. Descried them as investments. Based on this definition, a few hundred million to replace the civic center should be a priority investment.
     
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  20. zls44

    zls44 Your #icebus Tour Director

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    An arena is not a priority investment. It doesn't generate revenue. It doesn't foster economic development.
     
  21. Who Ha

    Who Ha

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    Professor Zimbalist is visiting the boneyard
     
  22. ct06111

    ct06111

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    Page 2
    http://crdact.net/data/Unsorted/5-19-2016-BoardMeetingMinutes-73532-1.pdf

    $250,000 unfavorable isn't that bad for a 40 yr old arena. 130 events and over a 1/2 million people to downtown Hartford. Hockey events were even with budget.

    Buy more $9 beers and park @ Church St Garage since its owned by CRDA. Don't park @ LAZ spots. Parking @ Garage and buying concessions makes the arena $$$. Hockey events made more $ in terms of beer and concession sales for arena compared to b-ball.

    Bonding interest rates are at an all time low with Brexit. Now is the time for investment. Rates are lower now when they first built it and lower when they re-built it.
     
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  23. TheDoggPound

    TheDoggPound

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    It will eventually happen. UConn's future hinges on the XLC remodel.
     
  24. whaler11

    whaler11 Kickoff: 11:11

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    If you take anything on the Boneyard.... take Newington's advice to go out of your way to not pay Laz.
     
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  25. ct06111

    ct06111

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    http://crdact.net/data/Unsorted/10-20-2016-DraftBoardMtg-Minutes-73635-1.pdf

    XL Center

    Capital Improvements – Capital projects at XL and in the Church Street garage are progressing, with bids for the security and elevator work expected to be released in about 2-3 weeks. Installation of the new ice floor with begin in the late spring 2017.

    Event Update – The loss of the Maroon 5 concert and an underperforming Blake Shelton concert dealt serious blows to the XL operating budget. Maroon 5 was expected to net approximately $200k, while Blake Shelton netted only about half of its projected $150k in revenue. UConn has begun its hockey season and attendance numbers have been low, but that is to be expected given the teams played and the fact that it is so early in the season.

    Status of XL Redevelopment plan - Michael Freimuth reported the following:

    Several members have inquired as to the status of the overall redevelopment plan for the XL Center and the Board’s acceptance of the reconstruction alternative as a way forward (rather than the alternative replacement option). The selected alternative has been presented to a variety of public officials and to the general public both at various meetings and via the media. It was suggested as part of the Authority’s capital improvements request during the last legislative cycle, but was not included due to the size of the request at a time of tight state budgets.

    Nonetheless, CRDA has pursued building improvements that are either: 1/necessary for current operations; 2/dictated by changes in management practices (e.g. security changes); or 3/have reached a point in a system’s life cycle that demands its complete update/reconstruction (ice slab). Funds allocated to CRDA in FY 15-16 for various projects consistent with CRDA’s overall statutory authority to undertake Capital City Projects have been utilized to meet these needs (as well as those at the Church Street Garage).

    CRDA has begun to explore the feasibility to acquire the atrium area presently serving the arena and subject to a common area maintenance and management contract and have ordered appraisals and further engineering assessments in order to further understand this option. Preliminary review of this material has raised the possibility to acquire the entire “Trumbull Block” that adjoins the atrium. This includes the areas currently leased by St. Josephs School of Pharmacy, the area left vacant by the YMCA and the storefronts along Trumbull. This block also connects the arena to the garage via the Church Street overpass and literally sits on top of the exhibition hall that makes up part of the XL Center. The acquisition of this portion of the complex would allow for the ultimate build out of the transformed arena when pursued. Such acquisition would also bring substantial advantages to the utility and infrastructure changes necessary as part of the proposed re-subdivision of the real estate.

    For any property acquisition to advance, it is suggested that the Board formally assess this acquisition in a public hearing and authorize such action as it might be guided by the due diligence currently underway.


    “The CRDA Board of Directors hereby orders a public hearing to be conducted by the Venue Committee to consider the redevelopment plan for the XL Center Capital City Project, to be held at least one week prior to the next CRDA Board meeting.”

    Next CRDA meeting is Dec 8th.
     
    Last edited: Nov 2, 2016
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  26. TheDoggPound

    TheDoggPound

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    So we're getting closer to acquiring the atrium from Northland and/or are readying to negotiate? Is that the main take away here? That would be a huge hurdle cleared so I'm crossing my fingers.
     
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  27. Chief00

    Chief00

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    You forgot the minor league ball park that the state had to buy city parking garages to backdoor subsidize.
     
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  28. FDNY99

    FDNY99

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    They sold those garages to the state to balance their budget.....
     
  29. Exit 4

    Exit 4 This space for rent

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    Ugh, talk about a piss poor metric. There are a zillion reasons crowded roads and trains are not a marker of economic health.
     
  30. Butch

    Butch truthaboutislam.org

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    Harbor Yard's development was the beginning of a turn around for Bridgeport. Now, the city is undergoing very rapid redevelopment. It's definitely not a priority for Hartford, nor does it need to be. Hartford has other things going for it, including the delayed baseball stadium.