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Hartford needs something and maybe this is it. I just hope the access and parking are good. Feel bad for NB but they stole them from Bristol. There is nothing wrong with NB stadium and they pay about $100,000 per year so how does the money work on a 60 million dollar stadium with a 25 year lease?
 
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Sorry, guess my browser didn't refresh so the thread didn't appear.
 
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My guess is the eventual goal would be for a AAA franchise. 9,000 seats is a bit large for AA
 
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OK but the rent is $110,000 per year and the new stadium is 60 million plus debt service. So they would pay 2.7 million over 25 year Hartford lease at the same rate. If the rate doubled they pay say 5 million. Who eats 55 million?
 

WestHartHusk

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OK but the rent is $110,000 per year and the new stadium is 60 million plus debt service. So they would pay 2.7 million over 25 year Hartford lease at the same rate. If the rate doubled they pay say 5 million. Who eats 55 million?

There are a lot of variables that would have to be evaluated with the new ballpark. Off the top of my head, in addition to whatever rent the Rock-Cats paid the city, the city would be looking for revenues over those 25 years from the following sources to justify the build:
  1. some percentage of concessions, parking, tickets or skyboxes (e.g. event related revenue);
  2. as owner of the facility, revenues from some other events (UConn baseball, exhibitions, concerts?);
  3. increased value of surrounding property, particularly north of I-84, which would result in increased property tax; and
  4. new buildings (commercial/residential) in the the vicinity of the stadium.
 
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Hartford does need something, but getting it from New Britain is a shame. New Britain did nothing but support that team, now there will be a 20 year old stadium with no team in it. In 25 years will the team pull the same crap and head for Springfield? Or whoever else builds them a shiny toy?
 
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Hartford does need something, but getting it from New Britain is a shame. New Britain did nothing but support that team, now there will be a 20 year old stadium with no team in it. In 25 years will the team pull the same crap and head for Springfield? Or whoever else builds them a shiny toy?

They will probably move to the ACC in 25 years
 
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New Britain should aim for the Atlantic League and create an in-state rivalry with Bridgeport. Other big cities/towns involved. Norwich's stadium is as empty as downtown now.
 

Husky25

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New Britain should aim for the Atlantic League and create an in-state rivalry with Bridgeport. Other big cities/towns involved. Norwich's stadium is as empty as downtown now.
The Connecticut Tigers (Norwich) are no more?
 
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Annual rent for Hartford team will be $500,000.

Was in article in Courant online.
 
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So 15 million for 25 years. The interest on the 25 year note would exceed that.
 

OkaForPrez

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Perhaps a bridge to a new basketball arena off market street? Lots of land down there.

hartfordbaseball.jpg
 
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This stadium will never breakeven, and wasn't designed to. Hartford is just looking at increasing downtown desirability and downstream tax revenue, as with most tax payer funded, public debt-financed, developments of this sort. IMO, the city is better off investing in a new indoor arena for minor league basketball and hockey, and the occasional weekend UCONN game. The city already has The Rent and The Meadows for outdoor concerts and events and although I agree Hartford kind of needs something, I'm not a fan of this project.
 

Husky25

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This stadium will never breakeven, and wasn't designed to. Hartford is just looking at increasing downtown desirability and downstream tax revenue, as with most tax payer funded, public debt-financed, developments of this sort. IMO, the city is better off investing in a new indoor arena for minor league basketball and hockey, and the occasional weekend UCONN game. The city already has The Rent and The Meadows for outdoor concerts and events and although I agree Hartford kind of needs something, I'm not a fan of this project.
Rentschler is not in Hartford. It is in East Hartford. Different municipality.
 

Waquoit

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What is this with concerts? It's a baseball stadium. I went to a couple of shows in NB, but they were unique to Bob Dylan.
 
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Rentschler is not in Hartford. It is in East Hartford. Different municipality.
Agreed, but not relevant to my argument. Maybe it wasn't clear, but I was referring to the implied revenue drivers of outdoor arenas in Greater Hartford.
 

WestHartHusk

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Perhaps a bridge to a new basketball arena off market street? Lots of land down there.

View attachment 6135

I watched the press conference and Mayor Segarra specifically stated "this is not 12-B" land, this is next door. That to me was a strong indication that the city has its eyes on that land for an arena. If they don't, why make such a big deal about setting that fact straight?

And remember, this deal has been in the works for 18 months - they are likely discussing arena options as we speak, even if we don't hear about it for a few more years.
 

OkaForPrez

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I watched the press conference and Mayor Segarra specifically stated "this is not 12-B" land, this is next door. That to me was a strong indication that the city has its eyes on that land for an arena. If they don't, why make such a big deal about setting that fact straight?

And remember, this deal has been in the works for 18 months - they are likely discussing arena options as we speak, even if we don't hear about it for a few more years.
Do you have a reference where the 12b zone is shown? Would like to match that to the quote.
 

WestHartHusk

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Do you have a reference where the 12b zone is shown? Would like to match that to the quote.

I couldn't find it.

But, I did find these dousies. Look at the promise of Hartford when the Patriots were in play - there was going to be a freakin' boat downtown! Or huge shopping centers, or a grand glass entrance to the city.

AdriaensLanding1998small.jpg

Hartfordpatriotsstadium.jpg
 
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I couldn't find it.

But, I did find these dousies. Look at the promise of Hartford when the Patriots were in play - there was going to be a freakin' boat downtown! Or huge shopping centers, or a grand glass entrance to the city.

AdriaensLanding1998small.jpg

Hartfordpatriotsstadium.jpg
So is Roland back in prison yet?
 

Husky25

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Agreed, but not relevant to my argument. Maybe it wasn't clear, but I was referring to the implied revenue drivers of outdoor arenas in Greater Hartford.
We're getting into a Cesspool worthy discussion (economics and civic leader criticism), but IMO, revenue generation begins and ends with customer and the demand thereof. In terms of a municipality, that means land owners and residents. Hartford is a city of parking lots. Sure, some are needed and LAZ may pay property tax, but what happens at 5:00 virtually every day? The people who still work in Hartford get in their cars and go back out to West Hartford, Manchester, Avon, Farmington, New Britain etc. etc. etc. No people, no businesses. No businesses, no added consumer revenue, either taxable or direct (transfer station fees, parks and rec. fees, pet licenses, etc.).

I think Hartford is doing an admirable job trying to introduce more residential apartment space (see 777 Main Street aka the old BOA building), but what it really needs is to entice a supermarket chain into downtown. Hartford can be a great walking city, and while it does need more attractions, it does no good when people who live there have to schlep themselves to the Whethersfield or West Hartford boarder for remotely any options. Convenience stores and specialty markets are obviously not the answer.

To tie back in to your post, Rentschler doesn't move the needle in Hartford, because it is not walking distance from downtown and there is no easy method to get downtown via public transportation. Like many others, I have been going to football games for 11 years. Never once have we gone downtown before or after a game.
 
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