Worcester Business Journal: Worcester yet to finalize PawSox deal or obtain deed for ballpark property

 

Click here for post by Grant Welker

If you read this blog, there really is no need to read his column.   

 

Evidently he just realized everything we have been saying here for literally years..  Here is some of the "breaking" news???

1. We have no lease with the PawSox
2. We do not own the land where the park is being built
   
3. We have no binding agreement with Madison

 

For those who have been saying the PawSox will pick up any more cost overruns (DAVE Z), it is pretty hard to make anyone do anything without a signed lease????  "Who pays for those cost overruns-the city or the team- will come out at the negotiating table".    

 

What cost overrruns are they referring to now???   Our guess is that at the next stadium update  on September 22nd, we will be hearing about $15,000,000 more in cost overruns.   

• Original Cost                $101,000,000
• January, 2020               $132,000,000
• September 22,  2020:         ???

 

Although we have been pointing out all these problems for years, we get no mention of this blog in his post, but he did reach out to Marc Edelman, a law professor from Baruch College in New York??    Baruch College!!    Literally never heard of it???

 

Maybe reaching out to our paid consultant Andrew Zimbalist, whose proforma was the basis to show taxpayers that this would be revenue neutral, would have been a better call???  Here is a great question:   Mr Zimbalist can you rerun your numbers now and tell us what the cost will be to the taxpayers for this project now based on the current facts??

 

Grant here is some other "breaking" news:

1. PawSox have not made their first $3,000,000 payment that was due last December
2. Where it the updated proforma?
3. Where is the updated auditor's report?

 Lastly may be you can find out how much has Polar Park paid for naming rights???
 

Guess better late then never....