The Capital Region Development Authority is issuing the “request for proposals” for the purchase of the aging XL Center in hopes of attracting a buyer that would relieve taxpayers, at least in part, of the costs for operating and upgrading the arena. One bidder — Oak Street Real Estate Capital, a Chicago private equity firm — already has stepped forward with an unsolicited bid. A buyer is being sought after CRDA’s recommendation for a $250 million makeover of the arena failed to gain traction in the legislature. State lawmakers, instead, last year required that a sale of the 43-year-old Veterans Memorial Coliseum be explored.
http://www.courant.com/real-estate/property-line/hc-xl-center-for-sale-20180427-story.html