Subscribe / Renew |
|
Contact Us |
|
► Subscribe to our Free Weekly Newsletter |
home | Welcome, sign in or click here to subscribe. | login |
April 17, 2015
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.
. . .