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02-07-2013, 08:04 PM
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Originally Posted by bobo8192 View Post
Originally Posted by Le BlueNote View Post
Seems like a good news, the renovation of the XL Center is a priority and this new group might get things going pretty soon. NHL dream still alive!
Originally Posted by bobo8192 View Post
Indeed. The real question right now is how much $$ do you throw at renovations before it becomes more economically feasible to just build a new one?
They are doing this for the AHL - and the improvements are modest.

The contract is contingent on the group's securing an AHL affiliate for the XL Center, a central issue for those vying to manage the venue.

The management contract for the XL Center expires in August, as does the Connecticut Whale's contract to play a 40-game schedule there. Negotiations to the renew the contract with the New York Rangers AHL affiliate were held up until a new manager was selected.
According to the memo, Global Spectrum also offered the most aggressive, "out-of-pocket" capital investment at $2.75 million for operating the XL Center. Global Spectrum also said it could set aside $1 million a year in a capital reserve account for building improvements. The state would reap nearly $2 million a year, which would go back into the XL Center.
The XL Center in downtown Hartford needs at least $16 million in improvements over the next decade just to sustain its operating systems. An investment of about $30 million is needed for upgrades and a redevelopment would cost $100 million, according to estimates.

Of the XL Center, the memo said: "Global's initial capital focus would be for inclusion of loge boxes in the lower bowl, additional signage and video capacity, VIP lounge in west exhibition hall, additional selling stands, expansion of concourse into vacant mall areas and upgrades to food concessions."

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