Fiscal 2023 DIF Account

$6,000,000 from PawSox????

The last post from August of 2018 got me thinking about the $6,000,000
Go to the agreement
Schedule D
Page 44

 The team will submit Team Equity Contribution, less any Defined Equity uses, in two equal payments due no later than December 31, 2019 and December 31, 2020........

Editor's note:

We do not remember any $3,000,000 "gift" being accepted by City Council to date???

We could be wrong but do not remember it???

Anyone else out there confirm that we got this first gift????   

Polar Park Quick Facts:

  1. $100 million stadium that will cost us $90 million has increased to $130 Million costing us $110 million
  2. $91 million of Phase I private development that is suppose to make this project "revenue neutral" has yielded 0 dollars in private development to date.
  3. We do not own the land where the park is being built.
  4. We have no lease with the PawSox
  5. We have no signed private development agreements
  6. First debt payment of $2.8 million is projected to be paid in Fiscal Year Ending June of 2023

We wait for:

  1. Updated auditor's report
  2. Next cost overrun announcement