CRDA offered Northland $4.5M for XL Center space

CRDA offered Northland $4.5M for XL Center space

The Capital Region Development Authority (CRDA) earlier this summer offered $4.5 million to purchase a key portion of XL Center’s atrium and adjoining retail space currently owned by Northland Investment Corp., the Hartford Business Journal has learned.¬†Northland, however, rejected the bid, arguing it was a low-ball offer, officials said. Northland Principal Larry Gottesdiener did not comment for this story but previously told HBJ he is not interested in carving up his XL Center holdings, which could eventually benefit from either a redeveloped arena or a new mixed-use development in the area.

https://www.hartfordbusiness.com/article/crda-offered-northland-45m-for-xl-center-space

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