I think that the article makes for very worthwhile discussion, and that all the comments in the thread thus far have added to it. Basically, the "home" schedule has been an on-campus/off-campus patchwork for years, and that aspect has only increased. The article makes pretty clear the reasons - declining attendance/popularity of the XL venue has brought smaller venues (Bridgeport/Mohegan) into play, as has the limitations of Gampel.
The article, to me, is saying "it's time to fish or cut bait. We need a first-rate facility, be it in Hartford or Storrs, but, we need one. It's time."
If I could wave a magic wand, I'd go with the "new and improved" Gampel. This is a university sports program, and having a true on-campus home court would be wonderful. I do think the notion of using "satellite" home venues during academic recesses has merit, if it is determined that is in the best interests of the University.
Obviously, there are two aspects to this decision beyond that of "good ol' homestate U, boola-boola". One is money, both is terms of costs and revenue. The second is conference realignment. Right now, with the football program trying to re-establish itself as significant, UConn's "best foot forward" is its' domination of college basketball in recent years. The new training/development center is a wonderful step in maintaining basketballs' significance. An upgraded home court would do the same.