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In order to cover its $3.9-million annual payment for fiscal 2022 on its 30-year bond, the City needed the special taxing district around the stadium to generate $2 million in revenue. It got $655,374.https://t.co/PDIhaqYUJx
— Worcester Business Journal (@WBJournal) November 28, 2022
If you back out the one time $3,000,000 sale the ballpark district only generated $655,374 of revenues!! Now look at FY23, the bond payments will be 4.8 million and we only are generating $600K in the TIF. Long way from paying for itself as we had warned from the very beginning
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