Coming Friday: Advisor's Letter Raises Questions About Pawtucket Stadium - Never Made Public Before

Coming Friday: Advisor's Letter Raises Questions About Pawtucket Stadium - Never Made Public Before

GoLocal has secured a copy of a letter written by the City of Pawtucket’s then-municipal financial advisor raising concerns about the stadium’s financing, costs, and the developer’s track record.

The city is in the midst of issuing more than $46 million of bonds to finance a minor league soccer stadium — Tidewater Landing — which is being developed by California-based Brett Johnson.

The City of Pawtucket delayed the release of this letter for nearly 50 days.

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This is the first time this document has been made public.

Pawtucket’s municipal advisor — Hilltop Securities — resigned weeks after issuing this letter to Pawtucket officials.