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Michael Freimuth, Executive Director of the Capital Region Development Authority (CRDA) and the CRDA Board of Directors announced Thursday that they have selected Global Spectrum of Philadelphia to manage Hartford's XL Center and Rentschler Field in East Hartford.
CRDA, established to address economic development in the capital region, chose Global Spectrum out of three final bids in part due to its ability to retain an AHL hockey presence, invest in infrastructure, and attract additional events and visitors to the area.
"Our goals are very clear - we need a management company that will revitalize two of the largest venues in our capital city, and Global Spectrum is the right team," Freimuth said in a press release. "The XL Center and Rentschler Field are keys to regional economic development - attracting people to the downtown and rebuilding the capital city's legacy as a thriving center of activity. We had some tremendous proposals submitted - groups that are clearly committed to Hartford and its potential. We are expecting great things from Global Spectrum."
Global Spectrum is one of the world's largest private venue management companies. Acquired by Comcast Spectacor in 2000, it has venues in the U.S., Europe, Asia and the Middle East. Global owns an NHL club and their business lines include AHL affiliates, concession, ticketing and marketing, as well as a considerable cable system network.
CRDA received bids from Bushnell Management, AEG, and Global Spectrum. Reviewed by a screening committee, the candidates were scored in 10 specific categories: ability to maintain an AHL presence, capital investment strategy and funding, event and attendance growth, revenues to the state, community engagement, industry best practices, staff capacity, conflict/competition issues, Rentschler Field programming and event and investment risk-taking.
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