Bill > HB05819

This bill proposes two key changes regarding the XL Center, a sports and entertainment venue in Connecticut. First, the bill would eliminate and prohibit the use of any state funds for the XL Center, effectively ending public financial support for the facility. Second, the bill mandates that the XL Center be transferred to the first private entity that demonstrates both the financial resources and capability to renovate the facility using entirely private money. The goal of the legislation is to remove the XL Center from state ownership and financial responsibility, with the expectation that a private owner would renovate the venue and restore it to the property tax base, thereby reducing government spending and potentially generating future tax revenue. By requiring the transfer to be contingent on private renovation, the bill seeks to ensure that the property will be improved without continued public investment.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05819&which_year=2025