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R.I. Senate approves $83M PawSox stadium

As the team remains mum on any potential deal in Worcester, the Rhode Island Senate on Tuesday approved an $83-million ... The proposal requires the construction of 50,000-square-feet of ancillary real estate and a $275 penalty for each day the ballpark ...

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R.ISenate approves $83M PawSox stadium | (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','//','ga'); ga('create', 'UA-25957116-1', 'auto'); ga('send', 'pageview'); $(document).ready(function() { var IsAnonym = $("#is_anonymous input#UserLoginVer").val(); if(!IsAnonym){ $("#commentbox :input").attr('disabled', 'disabled'); $("#commentbox").prepend("You must be registered in order to post a comment.Already a registered user? Click here to log inNew to the site? Click here to register."); } if (window.location.hash) { if ($(".commentbox_mod").is(":hidden")) {$(".commentbox_mod").slideDown("slow");} if ($("#commentwrite").is(":hidden")) {$("#commentwrite").slideDown("slow");}return false; } }); if (document.avp_ready) { avp_zone({ base: '', type: 'banner', zid: 38, pid: 0 }); } register | log in | mobile News NEWS01 Home News Latest Headlines Central Mass Health Opinion Polls Lists Print Edition Video Our Events Calendar Event Calendar Post an Event Connect With Us Print Email Order a PDF January 16, 2018 .commentbox_mod { display:none; } R.ISenate approves $83M PawSox stadium Grant Welker A new Pawtucket Red Sox stadium could be built at the Apex store site between I-95 and the Slater Mill. by Zachary Comeau As the team remains mum on any potential deal in Worcester, the Rhode Island Senate on Tuesday approved an $83-million stadium deal for the Pawtucket Red Sox, which would have the city and state putting up a respective $15 million and $23 millionThe 26-to-9 vote comes after the Senate Finance Committee voted to approve the legislation after spending nearly 30 hours of the committee's time working on the bill.The approval comes after lengthy meetings between Worcester and PawSox officials about a possible new stadium in the Canal DistrictThe team, however, has not said anything public about a possible Worcester dealPer the Rhode Island proposal, the team would put up $45 million, including the first $12 million in equity spent on the new ballpark proposed to be built at the site of the Apex Cosretail storeThe new ballpark will replace the aging McCoy Stadium, the team's home of nearly 40 yearsRhode Island SenWilliam Conley, a Democrat and chair of the Senate Finance Committee, said the team's investment per the proposal represents 54 percent of the total project costs."That's far and away the most invested by a ballclub anywhere in the nation for a publicly owned stadium," he said in an attempt to quell concerns the state was contributing too much money.Worcester officials declined comment after the Senate's vote.In a statement, the PawSox said the team is pleased the legislation was passed"To steal a phrase from a famous and successful New England football coach…the Senate, 'Did their job,' and we thank them for it," the PawSox saidThe team did not comment on the status of talks with Worcester officialsThe proposed legislation -- which must also pass the House and gain Rhode island GovGina Raimondo's signature -- requires the team to pick up any project overruns.If the construction comes in at less than $83 million, savings will be distributed at a pro-rata basis to the team, state and city at rates of 46.5 percent, 32.4 percent and 21.1 percent, respectivelyThe proposal requires the construction of 50,000-square-feet of ancillary real estate and a $275 penalty for each day the ballpark is open without substantial completion on the ancillary space. 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