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); = id; js.src = "//"; fjs.parentNode.insertBefore(js, fjs); }(document, "script", "facebook-jssdk")); (function() {var po = document.createElement("script"); po.type = "text/javascript"; po.async = true; po.src = ""; 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.src=p+"://";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 = "" + qs; s.async = true; document.getElementById("contentad13397").appendChild(s); })(); About Us & Contact Privacy Disclaimer

Trending Rhode Island News:

  • Rhode Island House prepares to pass $8.9 billion budget
  • HUD to Reed - Homeowners 300ft From Proposed Cranston Gas Station Are Ineligible for FHA Insurance
  • Home prices rise in July in Prov. metro, R.I.
  • Clifford Chance Advises on $1.5B London Real Estate Financing
  • Five Questions With: Jazz Napolitano
  • RI lawmakers say future presidential candidates should release tax returns
  • RI Women in Science & Engineering to Host Inaugural Event at Atlantic Resort
  • Rhode Island company buys Boothbay Harbor Shipyard
  • North Kingstown, RI Real Estate: Newly Listed Homes for Sale
  • First half of 2012 brought more home sales, lower prices
  • Rhode Island is the Least Stereotypical State in the U.S.
  • Home, condo sales continue to surge in RI
  • R.I. commercial real estate market strengthened in 2014, trend expected to continue in 2015
  • HFF secures $50.6M Refinancing 6-Property New England Retail Portfolio
  • Arakelian of Lila Delman Real Estate sells marina for $1.05 million
  • Brutalism hits awkward middle age
  • New England Housing Sales Trending Up
  • West Warwick, RI Homes For Sale & Real Estate
  • Private Barrington retreat in an unparalleled natural setting
  • Rhode Island State House lawn eyed for development