Soccer Team Owner, Hartford Foundation To Cover Cost Overruns At Dillon Stadium
The owner of Hartford Athletic, the new soccer team scheduled to play at a renovated Dillon Stadium this spring, and the Hartford Foundation for Public Giving will contribute as much as $2.7 million to cover cost overruns at the historic stadium in Colt Park.
Bruce Mandell, who owns the professional team that is set to play at Dillon, said he will pay up to $1.5 million to help cover cost overruns. The money won’t buy anything flashy – it is meant to keep the basic plans intact, he said.
He has also applied for a forgivable, $800,000 loan from the state Department of Economic and Community Development to fund construction expenses. The money is contingent on Mandell creating dozens of jobs.
The Hartford Foundation is also putting in $1.2 million to pay for the turf field, along with $500,000 for improvements to Colt Park.
CRDA had weighed trimming the seating capacity to 5,000, down from 6,000 as originally planned. Mandell said that with the extra money, the capacity will now likely be 5,500.
“It was really important that we get a stadium that the city, the state and our league would be proud of,” he said. “If the experience isn’t delivered in a really great way then the project has a drag on it, and we do not want to have a drag on this project.”
Jay Williams, president of the Hartford Foundation, said his organization wants to devote funds to projects that have a community impact. The new field at Dillon may be used by youth athletic leagues and for cultural events.
Soccer Team Owner, Hartford Foundation To Cover Cost Overruns At Dillon Stadium