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At this point we all need to hope that Polar Park is wildly successful and will in fact be revenue neutral to the taxpayers of Worcester. That said we will continue to ask financial questions.
- What will be the final cost? We are hearing north of $175,000,000
- LDA still in not completed for the land? When it is executed, we will get a copy.
- Phase I development has not resulted in any return to the taxpayers yet, well short of the 91 million private investment.
A Needham developer wants to build 318 apartments in a 13-story tower overlooking Worcester's new Polar Park -- a significant development for the city's downtown.https://t.co/p79SdfMfS6 pic.twitter.com/dOdBAlNwbT
— Banker & Tradesman (@BankerTradesman) April 26, 2021
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Your concern that we taxpayers are financially protected has been and will continue be a cloud over Polar Park until the promised and proposed development occurs. Keep a watchful eye on this because you seem to be the only one who is.