Fiscal 2023 DIF Account

Land Disposition And Development Agreement: Stilll Waiting

Read about $14 million dollars to be spent on Kelley Square starting next month

We have already committed to a baseball stadium that will cost $110 million.  Evidently we are the only ones worried that the City of Worcester does not own the land and have not seen the details of the Land Disposition and Development Agreement.

April 1, 2021 is not far away and the numbers to avoid any burden on the taxpayers are dependent on 90 million dollars on private development in Phase 1 to be on-line.     Don't believe us???    Check this out from Mr Zimbalist in this column.

Telegram column

Mr. Zimbalist, the city’s consultant, said his projection that the project pay for itself counts on the $90 million in private investment anticipated in Phase I. It does not count on the development envisioned in Phase II, which includes an office building, residential development and retail.


David Z. said…
And yet when I drove by the future Red Sox stadium site yesterday, site excavation was well underway. In Ed we trust!