Latest news with #PeoplesBankArena
Yahoo
2 days ago
- Business
- Yahoo
PeoplesBank buys naming rights to Hartford arena
HARTFORD, Conn. — PeoplesBank has renamed the former Hartford Civic Center, most recently called the XL Center, as PeoplesBank Arena in a deal announced this week. It's a deal costing $20 million over 10 years, according to published reports and a big move forward for the Holyoke-based, mutually-owned bank which has 20 full-service banking centers located in Connecticut and Massachusetts with plans to expand in Connecticut. Hartford's Capital Region Development Authority also announced $145 million in upgrades including better seating and premium hospitality in the lower bowl with world-class food and beverage, enhanced concert rigging and amenities for performers and athletes, including new locker rooms. PeoplesBank Arena, with 16,000 seats, is home of the American Hockey League's Hartford Wolf Pack, affiliate of the New York Rangers; 12-time national champion UConn women's basketball team and the six-time national champion UConn men's basketball team; UConn men's ice hockey as well as concerts. It was the home of the NHL Hartford Whalers. The arena celebrates its 50th anniversary in the fall. 'Our bank is independent and community focused,' said Tom Senecal, CEO and chairman of PeoplesBank. 'In the region, we have consistently been confused with the similarly named, but no longer existing, People's United Bank.' Senecal said that PeoplesBank is a mutual bank, owned by its account holders. Residential retrofitting program turns on high-speed internet for Bay Meadow Apts. in Springfield Chicopee budget up 6% on personnel, police costs; mayor proposes $3M to defray taxes ICE takes two into custody in Amherst in crackdown on 'sanctuary' communities Read the original article on MassLive.
Yahoo
3 days ago
- Business
- Yahoo
Hartford's XL Center re-named PeoplesBank Arena
Hartford's downtown arena will now go by a new name: PeoplesBank Arena. On Monday, the State of Connecticut announced the Holyoke, Massachusetts-based company purchased the naming rights to the venue, which had been known as the XL Center since 2007. CT Insider reported the deal is worth $20 million over 10 years. PeoplesBank — different than People's United Bank, which merged with M&T Bank a few years ago — has five branches in Hartford County with a six set to open soon. 'We chose to invest in this arena because we believe in Hartford,' PeoplesBank CEO and chairman Thomas Senecal said at a ceremony. 'We believe in the revitalization happening here, the momentum building downtown, the renewed energy in the business district, the arts, the restaurants, the culture. And of course, the sports.' Originally called the Hartford Civic Center, the arena serves as the part-time home for three UConn sports teams: Men's basketball, women's basketball and men's hockey. The two basketball split their home games between Hartford and Gampel Pavilion in Storrs. The Ice Bus moved downtown on a full-time basis after joining Hockey East in 2014 but scaled back to just 4-6 games per season once the new on-campus ice rink, Toscano Family Ice Forum, opened in 2022. The venue also houses the AHL's Hartford Wolf Pack, concerts and other events throughout the year. Originally opened in 1975, it's currently undergoing a $145 million renovation that will add premium seating, an upgraded concourse, new locker rooms and other improvements. The work is expected to be completed by October. More from Le Moyne transfer Dwayne Koroma commits to UConn men's basketball Dorka Juhász to sit out 2025 WNBA season UConn Baseball clinches share of Big East regular season title with sweep over Butler UConn assistant Ben Kantor leaving for Georgia Tech UConn softball wins Big East Tournament, earns first NCAA Tournament appearance since 2001 2025 forward Jacob Ross commits to UConn men's basketball
Yahoo
3 days ago
- Business
- Yahoo
Arena rebrand part of Downtown Hartford's revitalization
HARTFORD, Conn. (WTNH) — The XL Center is now becoming the PeoplesBank Arena. The building is getting major renovations and attracting more concerts more games and events. It could all lead to some big changes for downtown Hartford, revitalizing the neighborhood. XL Center to be renamed PeoplesBank Arena 'I'm just coming to visit Hartford for some nice video shoots for our TikTok and Instagram,' said Vlad Mosnytskyy, an influencer from New York City. With a new arena name comes new bunker suites, a premium club, new lower-bowl seating, a kitchen, concourse upgrades, new locker rooms for the athletes and green rooms for the artists.'This is going to be the heart and center of what we are trying to do, with the revitalization of Hartford,' Gov. Ned Lamont (D) said. 'I think you will see it in terms of a lot more activity here, much more frequently.' Add that onto the housing boom surrounding the Hartford Yard Goats at DUNKIN Park, there is new construction, new tourists, and new opportunities. 'If you rewind 10 years ago, what was there now, it's a whole different ball game,' Hartford Yard Goats President Tim Restall. Sticking with a baseball metaphors, the Yard Goats welcome the changes at PeoplesBank Arena.'There are a couple of runs that just scored today and someone is taking the lead,' Restall said. 'It's good to see what's happening with the downtown and all the renovations going on at the arena.' On Main, Albany, and High Street, and they're still building as part of the downtown expansion. Around the corner is the new police department, and they say they're going to continue to develop and continue to improve, making the downtown spread out and reach into the local neighborhoods.' 'Thirty five years of looking at this, I hope I'm here for the next 35 years,' Chuck Davis of Hartford said. 'I doubt it, but it looks beautiful, just like the stadium is beautiful, and you can see the work that they're doing on the Civic Center too hopefully I can get back to how it was.' For a couple of gentlemen who grew up in Hartford in the 1960s, they say Hartford is moving in the right direction. 'I think it's looking up, I like what they're doing in front of the ballpark the apartments, I like a lot of these things and these changes are going on with our administration, it's nice,' Dwight Teal of Hartford said. Hartford Mayor Arunan Arulumplam is picking up where his predecessor Luke Bronin left off by continuing to bridge from the city into the neighborhoods. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Washington Post
3 days ago
- Business
- Washington Post
Hartford home of UConn Huskies basketball renamed PeoplesBank Arena
HARTFORD, Conn. — The Hartford venue that's the part-time home of the storied UConn men's and women's basketball teams has a new name: PeoplesBank Arena. Connecticut Gov. Ned Lamont joined officials from the arena's management company and PeoplesBank to announce a new naming rights deal Monday on the floor of what had been called the XL Center since 2007. Terms of the multi-year agreement were not released.
Associated Press
3 days ago
- Business
- Associated Press
Hartford home of UConn Huskies basketball renamed PeoplesBank Arena
HARTFORD, Conn. (AP) — The Hartford venue that's the part-time home of the storied UConn men's and women's basketball teams has a new name: PeoplesBank Arena. Connecticut Gov. Ned Lamont joined officials from the arena's management company and PeoplesBank to announce a new naming rights deal Monday on the floor of what had been called the XL Center since 2007. Terms of the multi-year agreement were not released. 'We chose to invest in this arena because we believe in Hartford,' said Thomas Senecal, CEO and chairman of PeoplesBank, based in Holyoke, Massachusetts. 'We believe in the revitalization happening here, the momentum building downtown, the renewed energy in the business district, the arts, the restaurants, the culture. And of course, the sports.' The UConn men's and women's basketball teams generally play half their home games in Hartford and the other half at Gampel Pavilion on the school's Storrs campus. The men's team has won six national championships, including in 2023 and 2024, and the women's team has won a dozen, including this year's title. The UConn men's hockey team also plays some games in Hartford, where the arena is home to the Hartford Wolf Pack of the American Hockey League. The arena, originally known as the Hartford Civic Center, turned 50 years old this year and hosts music concerts and other events throughout the year. It's currently closed for a $145 million renovation to add new seating, loge boxes, private box space and an upgraded main concourse, among other projects. It's scheduled to reopen in the fall. The Civic Center also was home to the NHL's Hartford Whalers, who left town in 1997 and became the Carolina Hurricanes. Three years after it opened, the arena was destroyed when its roof collapsed in 1978 due to design faults, only hours after a UConn men's basketball game.
