CRDA in serious talks with global sports, entertainment company on multimillion-dollar XL Center investment

CRDA Executive Director Michael Freimuth recently told his board — which oversees the XL Center on behalf of the city of Hartford — that Oak View Group (OVG) is interested in a deal that could see the company putting much of its own funding into the XL Center. OVG already manages the XL Center on behalf of the CRDA. OVG took over management following its November 2021 acquisition of Spectra, a venue management and hospitality company. Freimuth said he believes OVG might provide $20 million to $30 million for upgrades directly impacting customer experience. That would offset part of a $100 million program of repairs and upgrades currently envisioned for the roughly 15,500-seat venue.

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