Fiscal 2023 DIF Account

Two Great Comments: MUST READ!!!!!

I don't see the WooSox picking up one cent of additional money more than they signed on for. Why should they? They have the city over a barrel! The city is finishing the ballpark. What re they going to do with it if the team says it can't afford to play f they have to pick up cost over-runs? Its a better deal for the team to just fold, or redo a deal with Pawtucket or another city. What could Worcester possibly do that will get it back its $130,000,000 (maybe $145,000,000)? Nothing. The WooSox will play hardball. Bet on that. They hold ALL of the cards. No Worcester politician is going to admit defeat either. The cheerleading will continue. Its not their money. Expect big tax increases as the ancillary development that was supposed to raise new tax revenue on the new buildings is not happening due to the Covid situation. The only other way to raise money is to tax the existing taxpayers (that haven't fled to FL, TX or other low tax places).

The parking garage will be the only ancillary development built along with the roadway through the south side of the former Wyman Gordon property. That's it. I don't see the new residences being built. It is incredibly difficult together funding for building multi-family rental units in this environment. No bank wants to lend to a landlord who can't collect rent for the foreseeable future from a tenant who simply refuses to pay the day after he moves in. If they are condos, those might have a chance given that the real estate industry has such a shortage of listings for homes and condos for sale but the demand remains strong.