Connecticut’s Capital Region Development Authority is proposing $250 million in state-funded upgrades to the Building Formerly Known As The Hartford Civic Center, which would include redoing concourses, converting skyboxes to restaurants and clubs, and rebuilding the outer wall so that passersby can see in:
“The objective is to make this building a new building,” [authority executive director Michael] Freimuth said. “It has to look, feel and smell new.”
There’s no money-grubbing sports team owner behind this move — the Hartford Whalers moved out a while back, in case you didn’t notice — but rather just a public arena manager asking the state for a pile of cash to spruce up the building it runs. So is this a bad idea or not?
The question, as it should always be with stadium development deals (or development deals of any kind), is not “Is the public paying for it?” but “What is the public getting for it?” The arena authority claims that spending $250 million on renovations will help produce more revenues from the building, which currently runs about a $3 million a year loss for the state. Freimuth didn’t provide any details on how much more revenue, though, beyond saying that he hopes the arena “would be better than break-even” — and I’d hope even the most math-challenged readers (or legislators) can see that spending $250 million to bring in an extra $3 million a year would be a horrible, horrible investment. (Freimuth also hinted that the renovations could help land an NHL team, though 1) nobody thinks the NHL is ready to go back to Hartford, and 2) if any new revenues are set to pay off the renovation costs and not go into the team’s pocket, why would an NHL owner be attracted by them?)
So should Connecticut just sit and live with an oldish arena, if there’s no way to economically justify the improvements? Maybe. Or maybe somebody needs to look at that $250 million price tag and figure out which items on it are really likely to boost revenues, and which ones are just there because they look neat. Not that there isn’t some intangible benefit to having a nicer-looking arena in the middle of your downtown, but there’s benefit to most other things the state could be doing with $250 million too — just because somebody came up with a design that costs that much doesn’t mean state officials should fall victim to the edifice complex.