PAWSOX STADIUM PROPOSAL RE-DO

posted by ron - 

The Pawtucket Red Sox are asking the state taxpayers for $23 million dollars to help pay for a new ballpark on the sight of the old Apex building and surrounding land in downtown Pawtucket. It's a much more palatable pitch than the one made back in 2015 that seemed to put the entire load on taxpayers' backs. The team's owners would pay $45 million with the city of Pawtucket kicking in $15 million. The team says the $23 million invested by the state would be re-paid over a 30 year span using revenue generated from the ballpark, property and hotel tax receipts. The Pawsox also committed to paying for any construction overrun costs. Governor Gina Raimondo says she supports the proposal because the deal seems to pay for itself. The deal would have to pass General Assembly muster. The Pawsox new ownership stepped on its share of toes back in 2015 with their initial proposal for a stadium along a stretch of 195 in Providence but have been trying to mend broken fences ever since. Pawsox Chairman, Larry Lucchino, not the most modest of guys, even saying the ownership learned its lesson, hoping naysayers of the past will get on board. Rhode Islanders remain leery of giving a big chunk of taxpayer dough to ANYONE after the 38 Studios debacle, but the Pawsox are a tangible, proven product...not some hope a video game gets off the drawing board. We'll see.

Ron St. Pierre

Ron St. Pierre

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