Hartford Business Journal

February 8, 2016

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www.HartfordBusiness.com February 8, 2016 • Hartford Business Journal 7 WHAT'S AHEAD: ■ 2/15 Focus: Advertising, Media, Marketing ■ The List: News Media Organizations ■ Nonprofit Profile: University of St. Joseph CALENDAR THURSDAY, MARCH 10 Big Red for the Arts The Greater Hartford Arts Council's annual Big Red for the Arts event will celebrate the organization's 45th anniversary this year and kick off its United Arts Campaign. The event, which takes place March 10 from 6:30 p.m. to 9 p.m. at the Hartford Club, 46 Prospect St., will feature various area restaurants. The event's featured VIP chef is Leslie Tripp, who brings 30 years of experience in fine dining. Tripp has served as the executive chef at Fresh Salt Restaurant at the Saybrook Point Inn for the past five years. For the first time ever, the Arts Council will also feature an arts showcase at Big Red to highlight the talent and work in the community. Cost to attend varies from $75 to $175. For more information or to register go to: https://letsgoarts.org/bigred. F O R A C O M P L E T E L I S T O F G R E A T E R H A R T F O R D B U S I N E S S E V E N T S , G O T O W W W . H A R T F O R D B U S I N E S S . C O M A N D C L I C K O N ' C A L E N D A R . ' A L L C A L E N D A R I T E M S M U S T B E S U B M I T T E D E L E C T R O N I C A L L Y V I A O U R W E B S I T E , H A R T F O R D B U S I N E S S . C O M . EDUCATION Quinnipiac makes $400K payment to North Haven Quinnipiac University made a voluntary payment of $400,000 to the town of North Haven last week, a move that signifies a stronger bond with the town where the school has moved a lot of its resources in recent years. The payment represents 40 percent or $260,000 of the reve- nue North Haven receives from the state of Connecticut's Payment in Lieu of Taxes (PILOT) and Pequot Fund allocation, attributable to Quinnipiac, which is a not-for-profit institution and therefore exempt from paying property tax. In addition, Quinnipiac will give another $140,000 that will be used for outdoor lighting for the North Haven girls' softball program. Quinnipiac University President John L. Lahey said in a statement the voluntary payment represents "an affirmation" of the university's ongoing support and appreciation of the town's support of Quinnipiac. Quinnipiac and its hometown of Hamden have an ongoing dispute over various issues. The problem, Leahy has said, is with "a handful" of Hamden town officials — including those in the land-use depart- ments — who don't want the university to buy more property. OUTDOOR & SPORTS Eversource extends Hartford Marathon sponsorship Eversource has announced the extension of its title sponsorship of the Eversource Hartford Marathon and Half Marathon through 2019. This year's Oct. 8 race will be the third year of Eversource's sponsorship. Neither the Hartford Marathon Foundation nor Eversource dis- closed the sponsorship's financial details. Race organizers say last year's event had an economic impact of $13.6 million. According to a report by Witan Intelligence Inc., approximately 67,000 spectators, participants and volunteers vis- ited the Hartford area for the race, spending money on lodging, shopping and dining. REAL ESTATE Gr. Htfd. in top 10 for home depreciation The Hartford metro area is in the top 10 for percentage of homes depreciating in price. It ranks fourth nationwide among the top 150 metropolitan areas. Weiss Analytics, a Massachusetts firm that tracks real estate prices, said in a report that 41.2 percent of the homes in the Hart- ford-East Hartford-West Hartford metro area decreased in value in Nov. 2015. That was relatively unchanged from the Nov. 2014 figure of 40.8 percent. In its report, Weiss Analytics said the percentage of U.S. homes gaining value fell again in November. Only 57.9 percent of homes are now appreciating, down from 59.4 percent in September and 6.4 percentage points below the percent of houses appreciating in Nov. 2014. Reno, Nevada was the top market for appreciation in November with 85.8 percent homes increasing in value. 1-855-HLTHYCT healthyct.org Thank You Connecticut Brokers! ...for a great 2015 and helping us start strong in 2016. Your support helped us grow in 2015. We look forward to continuing our relationship in 2016. Together, we're changing healthcare in Connecticut! Quinnipiac University President John Lahey (left) presents a $400,000 check to North Haven First Selectman Michael Freda. P H O T O | C O N T R I B U T E D

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