New Owners Don’t Rule Out Public Funding For New Providence PawSox Stadium

GoLocalProv News Team

New Owners Don’t Rule Out Public Funding For New Providence PawSox Stadium

New Pawtucket Red Sox Principal Owner and President James Skeffington
The new ownership group of the Pawtucket Red Sox hasn’t ruled out using public financing to fund their proposed new stadium in downtown Providence, according to comments made by new principal owner and team president James Skeffington.

Skeffington outlined the new ownership group’s preferred plan for a new stadium on the waterfront in downtown Providence at a press conference on Monday afternoon. “We will design it ourselves, build with out own funds, and ask the city and state for support,” said Skeffington.

“We think this investment is a gamechanger for Providence and Rhode Island,” he continued. “There’s a better chance the 195 lands will be developed quicker and RI will benefit from it.”

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When asked how much the team would be seeking in public funds, he replied that the group still wasn’t sure exactly how much the new stadium would cost, and therefore didn’t know how much public money they’d need. He did say that the team would possibly seek a leasing arrangement similar to the current deal with McCoy Stadium, where Pawtucket leases the stadium to the State of Rhode Island and the state in turn leases the stadium back to the team. 

While the stadium hasn’t been designed or priced yet, Skeffington did note that projects of similar size had cost in the region of $60-70 million.

The site that the PawSox ownership team is eyeing is partially open 195 land owned by the state and partially land owned by Brown University.

When asked if the team would seek a tax stabilization agreement with the city, Skeffington said that they “hadn’t focused on that yet,” but economic impact studies had begun.

“An investment on our part is a stimulant for the economy of Providence. People will get excited about this,” concluded Skeffington.


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