Find Real Estate Agents and Homes for Sale


Real Estate News --> Rhode Island News

RI GOP: “New PawSox Deal Worse Than The Old One”


In response to the lobbying efforts secretly funded by the PawSox, the Rhode Island Senate Finance Committee has written ... the PawSox $275 per day if there is not 50,000 square feet of real estate development around the new ball park.


Archived Story

In response to the lobbying efforts secretly funded by the PawSox, the Rhode Island Senate Finance Committee has written new legislation to build a new stadium to bail out the wealthy PawSox owners, who are refusing to publicly disclose their profit and loss statementsFirst, this legislation increases the taxpayer subsidy for the new stadium from $38 million with interest to $44 million plus millions in interestSecond, it allows bonds to be issued without any voter approvalAdditionally, it includes provisions, which will do little to protect taxpayers such as penalizing the PawSox $275 per day if there is not 50,000 square feet of real estate development around the new ball park. In response, Republican Party Chairman Brandon SBell stated: “I did not think it would be possible for the Senate Finance Committee to revise the original bill to make it worse for the taxpayers….but they haveNow, taxpayers will pay even more money to build a new stadium for the PawSox owners than what was originally proposedOn top of it, the voters still have no say on whether they want to be responsible to pay for millions in new debtEven the provisions included in the new bill to protect the taxpayers are irrelevantA fine of $275 per day is insignificant to the PawSox ownersThese wealthy PawSox owners spend that much money every day on their lunch.” Bell concluded: “The new PawSox owners made a huge mistake when they overpaid to acquire the teamThe PawSox owners think they can lobby State House politicians to build them a new stadium to bail them out of their mistakeState House politicians would be making a big mistake if they think they can vote for this new PawSox deal and get re-elected.” Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Google+ (Opens in new window)Comments comments politicsShare On (function(d, s, id) {var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) return; js = d.createElement(s); js.id = id; js.src = "//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.0"; fjs.parentNode.insertBefore(js, fjs); }(document, "script", "facebook-jssdk")); (function() {var po = document.createElement("script"); po.type = "text/javascript"; po.async = true; po.src = "https://apis.google.com/js/plusone.js"; var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(po, s); })(); Tweet!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?"http":"https";if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document, "script", "twitter-wjs"); (adsbygoogle = window.adsbygoogle || []).push({}); Previous ArticleRing in the New Year at Gurney’s Newport!Next ArticleThe End Is Near: Classified US Military Footage Shows Navy Pilots Tracking UFOsChristian WinthropA fifth generation Newporter, Christian is a former national political campaign consultant turned producer, photographer and blogger. Related Posts Tourism marketing study commission to meet in Newport Friday Christian WinthropJuly 11, 2016 Representative Abney honored with “Citizen of the Year” award Christian WinthropMay 30, 2017 Bob “Cool Moose” Healey Jrdies at 58 Christian WinthropMarch 21, 2016 This year at the General Assembly Christian WinthropJune 27, 2016 This Trump Video Is…Um…Ah…Eh…Ah…Just Watch It! Christian WinthropJanuary 16, 2016 Celebs who said they’d leave America if Trump won Christian WinthropNovember 9, 2016 Instagram Load More...Follow on Instagram Popular Two Dudes Rip It Up And Play The Blues On A Walmart Toy Guitar Donald Trump Buys The Breakers Mansion In Newport, RI For $112-Million The Irish Slave Trade – The Slaves That Time Forgot Once-in-a-generation strawberry moon Taylor Swift and a bunch of her famous friends invade Little Rhody for 4th of July (function() { var params = { id: "4d145d36-1245-439b-baa3-06195f83063f", d: "dGhlbmV3cG9ydGJ1enouY29t", wid: "13397", cb: (new Date()).getTime() }; var qs=""; for(var key in params){qs+=key+"="+params[key]+"&"} qs=qs.substring(0,qs.length-1); var s = document.createElement("script"); s.type= 'text/javascript'; s.src = "http://api.content.ad/Scripts/widget.aspx?" + qs; s.async = true; document.getElementById("contentad13397").appendChild(s); })(); About Us & Contact Privacy Disclaimer

Trending Rhode Island News:


  • Santander Bank and Greater Providence Chamber of Commerce Host Economic Outlook Meeting for Rhode Island Business Community
  • Average farm real estate value up across the U.S.
  • Opportunities Industrialization Center of RI to Host IT Training Program
  • Realtor Caroline Gallogly joins Three Sixty
  • Hanna Promoted to Lead Middle Market Banking at Webster Bank
  • Trump wants SC Rep. Mick Mulvaney to be his budget director
  • Rhode Island Luxury Real Estate
  • Former Breck home sells for $7.6M
  • Outrage Over the Economy Doesn’t Explain Surging Global Populism
  • RI Highest In Nation For Car Tax & 10th Highest For Real Estate
  • Coldwell Banker Acquires Hammond Residential
  • RI delegation denounces Trump’s tax plan
  • RI Senate confirms I-195 redevelopment panel
  • Burrillville, RI Homes For Sale & Real Estate
  • South Kingstown, RI Homes For Sale & Real Estate
  • Lardaro Report: RI Economy “Worse Than We Had Thought”
  • Report: Real estate sales rise in Rhode Island
  • Former Firehouse in Rhode Island Needs a Buyer to Deliver New Spark
  • CIALIS WITHOUT'S A DOCTOR PRESCRIPTION USA - viagra order online
  • Home, condo sales continue to surge in RI