The city and state could see a combined $130 million in fiscal benefits over 30 years if a new stadium for the Pawtucket Red Sox (Triple-A, International League) is built at the Apex Department Store site on Main Street and development happens around it. A spokesman for Mayor Donald Grebien said the study yielded surprising results. Read more here.
Pawtucket Ballpark Study Yields Better-Than-Expected Results
Filed under Design & Construction, Money & Financials, Stadium Issues
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The promise of huge amounts of economic activity and development flowing from a new stadium in Pawtucket could be connected with reality…but if so, it would be a first. These raids on the public treasury are always predicated on the claim that really, shoveling in lots of public money to private interests is going to benefit everyone, and the next time this actually works out will be the first.