One small section
Larry Lucchino’s Worcester Red Sox, which just got around $150 million in public money for a new butt-ugly stadium so the former Boston Red Sox exec could move the team there from Pawtucket, collected $1.8 million in PPP funds.
One small section
Larry Lucchino’s Worcester Red Sox, which just got around $150 million in public money for a new butt-ugly stadium so the former Boston Red Sox exec could move the team there from Pawtucket, collected $1.8 million in PPP funds.
Comments
With regards to the PPP loan, if the WooSox spent all the $1.8 million money on payroll and benefits it would equate to salaries and benefits of about $6.0 million a year. Remember the Boston Red Sox pay for players salaries so this is just the administration. If you go and look at the WooSox front office on the Minor League Baseball website you will see they have many employees with some great titles, which I assume come with great salaries.
On a side note, I hope the WooSox read this blog so they can correct this page and list Worcester's own Lee Boykin, their Director of Security.
Why the Mt Carmel property needs a TIF boggles the mind. It is possibly the most valuable piece of land in the city. It has 2 of its own highway exits, it is walking distance to trains and buses, a ballpark, bars and restaurants and a market. It is outrageous if the council approves millions of tax giveaways for what will be a giantly profitable market rate development.
But hey, we have minor league baseball. We also seem to have minor league municipal tax policy.
Don’t worry, all of the commercial property around the TIF that pay the full absurdly high commercial tax rate will just have their taxes raised. And then move to Shrewsbury or Auburn.