Eminent domain is a politically toxic move. I know Supreme Court ruled in Kelo that it can be used to go from private owner to another private owner, let’s be honest, the juice isn’t worth the squeeze there. CRDA is quasi public, this would end up in Supreme Court again imo. Tying it up for the next 2-3 years with unclear result.
Is it still the plan to have a Hard Rock Hotel and Cafe be the centerpiece of the development around the park?
Well true I don’t know anything about hockey or the NHL because Hockey sucks but I do think it would be huge for the city. If that’s the case then I have no issue with what they’re proposing.
So much bad faith here it's not worth dissecting.
Real estate development and CT is a very challenging endeavor. Our operational costs are high (taxes, utilities, labor, snow removal - seriously the cost burden is substantial) which eat into the leverage that multi family developers need to build in the first place. I know we are proudly steeped in the notion that CT rents are high, but they actually aren't they aren't that high outside of New Haven and lower FF County. "Moderate rents" + high operational costs + high constr costs = stalled projects. The other challenge, equity players in this space have 50 other better (ie safer) markets to consider when placing multi family equity investments. So sink $5 to $15 million leveraged equity in a development in Hartford or the same set up in X market? Most choose X market. Most X markets have a better rent growth story. Rent growth (just like revenue growth in stocks) is how equity investors unlock returns. National players in multi family development would tell you that Hartford and central CT is a tougher market than others to get new constr rental housing built for these reasons.
Faith doesn't mean bad faith. Bad Faith is using the year before the stadium was completed and a year where no baseball stadium had any attendance in your calculations. Only matched by the bad faith of the original developers.
Concourse improvements doesn't sound sexy but if they can come up with something viable it would go a long way.
Yeah it’s Hartford’s fault that covid hit
Chief you really can’t have it both ways. You want an updated facility maybe you have to chang seats. It’s that simple. And the attendance Thing is just not sustainable in any case. As I pointed out in detail in another thread UConn had been seeing attendance decline since 2006 or there about. Despite 2 national championships In the period. The days of people shelling out money to watch the Huskies obliterate Texas Southern or Central Connecticut are gone and not coming back. They will likely have a short term blip with the new Big East, but it isn’t lasting 5 years. Live attendance at sporting events is just not what it was in 1996. Not in Fenway Park, not in Yankee Stadium, not at the Dean Dome and not at the XL center. Building/renovating more seats to attract fewer fans is just not reasonable. Within a couple of years UConn in the Big East won’t be that big a deal. Schedule a non-conference game wit UNC or Michigan State or Duke and you can sell out anywhere. But games with midlevel Big East teams will draw 7500.
What does this question have to do with your bad faith? Anyway, my good faith answer is that I think they are trying to create more space and options than just sitting in your seat. That's what today's marketplace is looking for and that's what has helped the Yard Goats become such a success. So much criticism from UConn fans is comical. UConn FB fans have been whining for years that The Rent has too many options besides just your seat. Turns out the place was ahead of it's time.
Groan
