Tough Questions Emerging for the PawSox Proposal
Tuesday, October 17, 2017
The PawSox and Pawtucket city officials have now appeared before a plethora of House and Senate hearings across the state and some significant questions are emerging about the proposed financing structure for the new stadium.
Not only are new questions emerging, but alternative financing structures and approval processes are taking hold.
SEE THE LIST OF QUESTIONS BELOW
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTRI General Treasurer Seth Magaziner said the financing structure may be underestimating the actual cost and suggested that there may be a better structure for the financing the deal - he warns that using Pawtucket’s Redevelopment Agency may be more expensive than financing the deal through the state. Magaziner voiced his support for keeping the PawSox in Rhode Island and for some structure to provide public financing, but his comments at one of the Senate Finance Committee's hearing was another bump in the road for the PawSox ownership group to secure public financing and to use the Pawtucket Redevelopment Agency as the conduit for the structure.
While the hearings have gone on, the PawSox ownership group has rallied business support for the proposal from Chambers of Commerce and most of the Mayors around Rhode Island have voiced support for their fellow Mayor Don Grebien of Pawtucket. Gubernatorial candidate and Cranston Mayor Allan Fung has not come out for the public financing structure.
But now, the PawSox ownership group -- a group that collectively have combined personal wealth of $6 to $8 billion -- are facing a growing list of tough questions about the completeness of the proposal and whether tens of millions of additional costs are being accounted for.
And, more and more questions have emerged. SEE BELOW
Related Slideshow: Tough Questions Emerging for the PawSox Proposal
Related Articles
- Senate Finance Announces PawSox Hearing Dates, Locations in RI
- Robert Whitcomb: Worcester Wouldn’t Well for PawSox; Taxing Away the Little Guys? Racial Fire
- NEW: RI Libertarian Party Urging City, Town Councils to Reject Public Financing for PawSox
- Moore: PawSox Hearings Present Real Opportunity For Rhode Islanders
- Minority Whip Filippi Floats “Better” PawSox Plan
- Pawtucket Fights to Keep PawSox: Mayor Grebien’s Letter to Larry Lucchino
- Bob Lobel: Why Larry Lucchino is the Best Part of Red Sox Management
- The 10 Best Red Sox Free Agent Signings in Larry Lucchino Era
- Bankrupt Developer Struever Could Be Tapped By Lucchino for Providence Stadium
- PawSox Chair Lucchino: Vision is for “Public Park” in Pawtucket
- PawSox Press Conference: Lucchino Introduces New Leadership Team
- Pawtucket Mayor Pleads with Larry Lucchino for Meeting
- Lucchino in San Diego: “Are the Padres Married to the Mob?”
- LIVE: Whitcomb Says Chances of PawSox Going to Worcester are Slim
- PawSox Owners Open to Talking to Other Cities
- 2 Worlds: All White PawSox Owners & Staff, Asking Pawtucket - 40% Minority & Poor - for Millions
- Robert Whitcomb: Christmas for RI’s Public Unions; Worcester Pitching the PawSox; Thayer St. Churn
- New League Wants to Move Into McCoy if PawSox Move Out of RI
- PawSox Take a Hit as Council Tables Pro-Stadium Resolution
- RI Voters Should Decide Fate of Proposed PawSox Stadium, Says Taxpayer Group
- Guest MINDSETTER™ Kinch: PawSox Must Put Up More Money for Deal to Work
- RI GOP’s Mendonca on PawSox, Trump, 2018 and More, on LIVE
- ABC6’s “In the Arena” - Brawl on the PawSox with Dufault, Fenton, Stenhouse & Rickman
- Dates Announced for PawSox Stadium Legislation Hearings
- Frias Goes Door-to-Door in Mattiello’s District Voicing Opposition to PawSox Stadium Funding
- Leading Stadium Expert deMause: “I Can’t See How PawSox Bonds Will Be Paid Back”
- Moral Obligation for PawSox Funding is the Same as 38 Studios Legislation
- 7 Questions the PawSox Need to Answer in Hearings
- This Friday Night On The Coalition Talk Radio - It’s a PawsoxPalooza
- Democrats, Labor Stack Hearing for PawSox Funding Scheme at RI State House
- Raimondo’s Close Friend Sen. Booker Pushing Federal Bill that Would Kill PawSox Deal
- Libertarian Party Candidate Hunt Jr. Slams PawSox Stadium Proposal