A Chicago private-equity investor that previously expressed an interest in buying and renovating downtown Hartford’s XL Center was the only bidder Friday in the latest attempt to sell the 16,000-seat arena.
Oak Street Real Estate Capital submitted the sole bid to a request for proposal (RFP) issued in late April by the Capital Region Development Authority (CRDA), Executive Director Michael Freimuth said Friday.
Freimuth declined to immediately share details of Oak Tree’s offer sheet with the Hartford Business Journal.
As HBJ reported recently, Oak Street sent to CRDA late last year an unsolicited offer to buy XL Center, proposing to pay up to $50 million and invest up to $250 million in the arena.
Oak Street did not immediately respond to a request for comment Friday.
