STAMFORD, CT (WCBS 880 / AP) – The state of Connecticut is lending $20 million to NBC Sports in a deal creating 450 jobs in the state as the sports entertainment company leaves New York.

WCBS 880’s Paul Murnane At The Announcement

Gov. Dan Malloy announced the deal at a news conference in Stamford Tuesday. Malloy, who was mayor of the southwestern Connecticut city before being elected governor last year, said several NBC sports entities will move to Stamford beginning in September 2012.

The terms of the loan weren’t immediately available.

The network is bringing NBC Olympics, NBC Sports Digital, VERSUS and the Comcast Sports Management Group, which oversees the NBC Sports Group’s 14 regional networks.

NBC Sports Group Chairman Mark Lazarus said the entertainment company is creating one 32-acre site, allowing it to build numerous studios and anticipate growth in the future.

What do you think of this plan? Sound off in the comments section below!

(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

Comments (6)
  1. common-Sense Kidd says:

    They’re all moving….iit just makes good sense. Tax rates are FAR lower for TV/Film companies. There’s very limited, quality space here. It’s over crowded, just not a business friendly environment. The cost of doing business – day-to-day operations – is FAR more expensive too. Bloomberg has turned this city into a tourist attraction – NYC blows now.

  2. Dave says:

    bloomberg should move in an offer the Brooklyn Navy Yard as a relocating site There is room in New York City how about Randalls Island its going to waste anyway?

  3. None Of Your Business says:

    Gee, ain’t it grand that a company as wealthy as NBC is getting $20 milliion from the bankrupt Connecticut taxpayers.

  4. mitch ruck says:

    Not a shocker!
    That more and more company’s will be moving out of NYC because of the high tax rate we have to pay and the high cost of doing business here in NYC.
    As a small business owner, NYC taxes me to death. it is not worth it for me to grow my business and hire additional workers.
    The failed financial recovery plan, he has destroyed the “risk vs. reward” model.

    1. midi-man says:

      Good thing we have a finical wizard as are mayor to stop this. Great job Bloomberg.

    2. midi-man says:

      Good thing we have a finical wizard as are mayor to stop this. Great job Bloomberg another business leaves because of you.

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