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🔒Where gubernatorial candidates stand on CRDA

Hartford Business Journal asked the three major gubernatorial candidates about their views of the Capital Region Development Authority and some of the key assets it oversees, including the XL Center.

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Financial woes

In fiscal 2018, the XL Center had an operating loss of $2.9 million, attributed to seven cancelled/unsuccessful events and the addition of a state event admissions tax halfway through the fiscal year, according to CRDA. During the 2017-18 year, the building required a $600,000 operating subsidy from the state.

Connecticut Convention Center’s attendance (363,279) and operating revenues ($3.7 million) both fell in fiscal 2018 by 1.2 percent and 13.1 percent, respectively, CRDA’s latest annual report shows.

Close the CTA

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