Fiscal 2023 DIF Account

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