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April 17, 2015

PawSox's new owners want $120M for ballpark

By AMY ANTHONY
Associated Press

PROVIDENCE, R.I. — The new owners of the Pawtucket Red Sox minor league baseball team said Wednesday that a multi-use ballpark in downtown Providence would generate $12.3 million annually in spending for the city and the state but they would seek help from taxpayers — $120 million over 30 years — and ask to be exempt from real estate taxes.

Team president James Skeffington and consultants from Brailsford & Dunlavey unveiled artists' renderings for a new waterfront stadium, along with an economic impact study commissioned by the Boston Red Sox affiliate. Their study shows the ballpark would create about $2 million annually in recurring tax revenue from sales taxes, income taxes and hotel taxes for the state and about $170,000 annually in incremental tax revenue for Providence.


 
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