CT Lawmakers Eye $10M Arena Tax Credits for UConn
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
Audio is streamed directly from the publisher (api.fastcast.ai) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Connecticut lawmakers propose a bill to offer tax credits worth up to $10 million to secure the University of Connecticuts long-term presence at PeoplesBank Arena, aiming to keep the downtown spot vibrant. The bill, if passed, would provide credits to the arena operator for hosting at least 15 events annually over 15 years, with a cap of $5 million per year and refundable status. The arena, managed by Oak View Group, could see UConns stay extended through fiscal year 2046, as officials believe this move will boost local businesses and tax revenue. The bill also includes adjustments to other incentives, such as angel investor credits and research & development tax credits, to strengthen Connecticuts business appeal.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
[email protected]
This is an automated, high-level news summary based on public reporting.
Report issues to [email protected].
View sources & latest updates:
https://sources.thednn.ai/01b7abb0f52dbd15