Field of Schemes: Rhode Island reveals Pawtucket soccer TIF would leave taxpayers with ocean of unpaid stadium debt

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LDA For Left Field Building

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We have been told that next week that the LDA for the Left Field Building with Madison may be executed and at that time we will have clear title to the land that Polar Park has been built on.

 

Upon execution, we will get copy of the LDA and post here.

 


 

 

Comments

Anonymous said…
If nothing else you are persistent. I have always thought this project would cost me directly on my taxes or indirectly with services not being funded and until it does, like my next tax bill, others will not care as much as I do. The group who should care more than me should be the businesses because they get whacked the hardest with tax increases and it will probably get worse after this last election. One last comment, if the Telegram can't get police records what makes you think they will give you the LDA?
November 6, 2021 at 7:08 AM
David Z. said…
Bill,

Did you see this article on MassLive?

https://www.masslive.com/worcester/2021/11/worcester-ballpark-commission-gets-its-first-members-tasked-with-overseeing-operations-at-polar-park.html
November 6, 2021 at 2:22 PM
Anonymous said…
Check that off the Waldo List, late but complete.
November 6, 2021 at 9:50 PM
Anonymous said…
Don’t check Waldo off the list so fast. Not sure there wont be some other issue that pops up given the history of this entire smoke and mirrors project
November 7, 2021 at 1:33 AM
Anonymous said…
The WRA voted to execute the LDA way back in September 2019 why isn't it executed by now? Speaking of the WRA, the City's records show the WRA owns the ball park, why does the City need a commission?
November 7, 2021 at 4:01 AM
Anonymous said…
Please keep pushing to get the LDA. I would like to see the tax deals and anything else financially given to the developer. Another question, have there been any tax deals given on the proposed Table Talk and the Cove residential developments? That would be interesting to see as well.
November 7, 2021 at 5:10 AM
Anonymous said…
I think the City, and your blog, are missing the big picture and need to connect ALL the dots. With the Ballpark the City over bid, $160 - $175 million, to bring a for profit self proclaimed "family entertainment" venture to the City. It was sold as being cost neutral, that is the "new" taxes from the development in the district will pay for the bonds issued to build the ball park. You have asked for the City's financials to verify that this will be cost neutral but I believe the City and your blog should be thinking more long term. This approach is short sighted and redirects tax dollars away from services and programs to pay for bonds on a City owned ball park leased to a for profit.
During the election I heard candidates speaking of lowering taxes, decreasing the difference between the dual tax rates, building new schools and parks, etc. a bunch of sound bites. I ask simply, how does this project fit into the City's plan for everything I heard during the election and what happens if the proposed ballpark development does not occur on time to make payments. Not only should the City disclose the financials on the ball park but they should show how they intend on accomplishing everything else I heard about during the election campaign, without taxing me back to the Stone Age. A simple request with all of this, could you include the repaying of my street which has been hanging out there on "the list" for years. You may not think it is bad but drive over it every day and tell me what you think.
November 7, 2021 at 7:39 AM
Anonymous said…
One step at a time. Let's see the LDA.
November 7, 2021 at 1:16 PM
Common Sense said…
Our fine mayor, Joe Petty, has his street paved every three years.
November 7, 2021 at 7:14 PM
Anonymous said…
I am interested in seeing the LDA. I just read a Worcester Business Journal article on Allegro and it stated the building in left field is going to be a bioscience building. It also reported that this building is competing with a new bigger building in the new biotech park and now the Allegro property. There is some stiff competition between these locations. It would be of interest to see what and when construction will begin on all the development which was proposed which I assume will be stated in the LDA.
November 10, 2021 at 3:10 AM
Anonymous said…
An interesting question, the project is based upon the City continuing with getting the existing taxes and the additional taxes generated being used to pay for the construction costs. A lot of the properties are owned by the WRA, including the ball park, and I assume they will not be paying taxes which the properties previously did. Additionally, there were commercial buildings on the Wyman Gordon site across the street that have been demolished and the value of the buildings won't be taxed. Won't the City get less in taxes because of this or will someone be paying the old tax amounts that the City previously received?
November 10, 2021 at 3:32 AM
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