Connecticut officials have announced a multiyear deal between Global Spectrum, the new operator of the XL Center in downtown Hartford, and Madison Square Garden officials for the Connecticut Whale of the American Hockey League to continue playing there.

The deal is the lynchpin of a 10-year agreement between Philadelphia-based Global Spectrum and the quasi-public Capital Region Development Authority to manage the building, formerly the Hartford Civic Center. State officials expect Global Spectrum’s capital infusion to enable them to bond between $16 million and $30 million for improvements to the 40-year-old building.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.