GOP, RI Commerce, and Speaker Say Any Stadium Funding Will Have To Be Approved By RI Legislature

GoLocalProv News Team

GOP, RI Commerce, and Speaker Say Any Stadium Funding Will Have To Be Approved By RI Legislature

Commerce's Stefan Pryor
The RI GOP House caucus sparked the move and Speaker Nick Mattiello and RI Commerce are in support of legislative approval of any stadium deal. There has been growing concern that a stadium deal could be funded by the Raimondo Administration without voter or legislative approval in a structure similar to the Wexford project on 195 Land. Wexford is receiving over $32 million in public financing without legislative or voter approval.

Specifically, the House Republican Caucus is submitting legislation to require Commerce  to submit any financial arrangement it may negotiate with any sports entity seeking to build or renovate a stadium in the state of Rhode Island to the General Assembly for approval before it can be finalized.  Reportedly, Senate Republicans are adding their support.

In response to the GOP move, Matt Sheaff of Commerce told GoLocal, "“The State won’t support any deal unless it’s a fair deal for taxpayers. It’s unlikely that the existing Commerce programs will be a good fit for this project. We expect that any deal would require collaboration with and action by the General Assembly.”

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Similarly, Mattiello's office supports the legislative oversight. "Speaker Mattiello recognizes this is a politically charged issue on many levels.  He commends the House Republicans for doing what they believe is looking out for the best interests of the taxpayers.  The bill will get careful consideration as it goes through the legislative process," said Larry Berman, Director of Communications for the Speaker in an email to GoLocal. 

House GOP Leader Morgan
House GOP leaders claim that, "in 2016, Rhode Island overwhelmingly rejected the proposal to build a new stadium for the new multi-millionaire owners of the PawSox franchise."

 “Rhode Island taxpayers have already voiced their opinion, and it was a resounding "No".  The offer to now let the taxpayers own the new stadium does not alter that fact.” said Representative Kenneth Mendonça, the prime sponsor of the bill. 

“The PawSox owners chose to buy this team as a money making venture. They, not the taxpayers, are asking for a new stadium. They are very wealthy and savvy businessmen who can and should pay for their own stadium, if it is in fact, their desire to do so.  We can’t justify hardworking Rhode Island taxpayers being forced to pay for a new stadium, complete with luxury boxes, and all the best possible amenities for AAA baseball, when they’ve already rejected the idea.”

House Minority Leader Patricia Morgan added, “Giving taxpayers’ dollars to a seasonal sports team with limited job opportunities, through an expensive and dubious system of Commerce Corporation credits, loans and grants, is crony capitalism, not economic development. The public should not be fooled. This is literally, insider baseball, 'political' insider baseball.  Rhode Islanders want a vibrant economy with plentiful jobs, from entry to executive levels.  That is not what this company is offering our state. This stadium is intended to benefit no one but the millionaire insiders who own the team.” 

Representative Morgan went on to say, “Last year state leaders claimed that state coffers were empty when tolls were pushed through. That harmful action is contradicted by this current push, a short year later to spend over $70 million for a new stadium?  It just makes no financial sense.  A first grader can tell you, this just doesn’t add up.”   

The House Minority Caucus’s legislation seeks to grant legislators the ability to vet the proposal and cast votes in the best interests of constituents, before the Commerce Corporation is authorized to commit tax money to the PawSox or any other sports team.


Pawsox Stadium Timeline

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