Polar Park Overruns to be Funded

Worcester (MA) expects to borrow an additional $32 million to cover construction and acquisition costs related to the new Polar Park under construction for the Worcester Red Sox (Triple-A, International League).  In a memo, City Manager Edward Augustus Jr. stated that no existing city tax revenue will be used to fund the new ballpark.   The team and City plan to make up for these costs in part by increasing ticket fees and parking prices at the stadium.  Read more here and here.

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Filed under Design & Construction, Money & Financials, Stadium Issues

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