UConn takes stronger partner role at CT sports venue in $10M plan. Called ‘significant opportunity.’
The University of Connecticut (UConn) is set to enhance its partnership with PeoplesBank Arena through a $10 million investment in state tax credits. This initiative will extend college basketball match-ups in Hartford until 2045 and grant UConn a share of profits from all events at the venue. The legislation aims to support local businesses and ensure the arena's viability as a key entertainment hub in downtown Hartford.
- ▪UConn will take a stronger role at PeoplesBank Arena with a $10 million investment in state tax credits.
- ▪The new legislation requires UConn to schedule at least 20 games each academic year at the arena.
- ▪The recent renovation of the arena, costing $145 million, aims to reverse its history of financial losses.
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