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Faced with large pension debts, state leaders are contemplating privatizing major assets, including substantial real estate, in an effort to drum up funds.

City Journal magazine reports Connecticut’s many publicly-owned stadiums, golf courses and other facilities could be turned over to private hands to manage, with the proceeds put into a trust that would help pay its $100 million pension obligations.

City Journal is published by the conservative Manhattan Institute think tank.

The proposal was detailed in a recent state report. To pursue the idea, the General Assembly would have to first commission an inventory of all state-owned assets.

The idea is not an entirely new one, with Gov. Ned Lamont separately offering Hartford’s XL Center to Connecticut’s two Native American tribes as a potential location for a third casino, and the state Department of Energy and Environmental Protection seeking a private developer to partner with the state in transforming Seaside State Park into a hotel and resort.