Here's an article with more info:
http://www.courant.com/sports/hockey...,5588747.story
In my opinion, pro hockey in Hartford is done for the forseeable future. The Rangers and Madison Square Garden will manage the AHL team themselves for the upcoming season. After that, MSG's contract with the City of Hartford is over and my bet is they pack up shop and relocate (Glens Falls maybe?).
Baldwin and WSE were losing a ton of money. Their Whalers Fan Fest last year outdoors at Rentschler Stadium included a
Hartford Whalers vs
Boston Bruins alumni game and was topped off with a CT Whale vs
Providence Bruins AHL game. It was supposed to make them some good coin and re-establish the Whale/Whalers name in the city. Instead, they ended up losing a TON of money on the whole event. Frigid temperatures and large snow-removal costs were the main culprits.
Add in the fact that WSE and the XL Center had a rocky relationship with a terrible lease, and it spelled out a disaster. The team's lease with the XL Center was ending relatively soon and WSE had been trying to work out a more favorable lease. However, take into account that the XL Center secured the UConn Men's Hockey East home conference schedule, housing the failing AHL team just wasn't that lucrative anymore.