Private Equity Firm to Bid on XL Center

Private Equity Firm to Bid on XL Center

A private equity firm says it will submit a proposal later this month when Connecticut’s Capital Region Development Authority seeks a buyer for the XL Center. Oak Street Estate Capital, a Chicago firm that manages funds for public and corporate pension plans and other institutional investors, has already approached the city of Hartford with an unsolicited offer to purchase the arena for $50 million.

Quicken Loans Arena – Cleveland Cavaliers

Quicken Loans Arena – Cleveland Cavaliers

The dark days when Lebron was in Miami are long gone along with the Cavs run of missing the playoffs all four of those seasons. In 2015, the rebuilt squad fought their way to the NBA Finals amid sellout crowds every night. In 2016, fans are firmly entrenched behind the team as they gear up for another playoff run.

Amway Center – Orlando Magic

Amway Center – Orlando Magic

Take an NBA team, plant it in a beautiful vibrant city, and build them a beautiful facility with modern touches that never seem to go out of style, and you have yourself Amway Center, the home of the Orlando Magic. Chock-full of quality concessions, comfortable seating, great bars nearby, and friendly patrons, you would be hard-pressed to find a venue as enjoyable and inviting for a game of professional basketball.