Next Pawtucket Red Sox Public Hearing- Wed. Oct. 11 6PM-@ New England Institute of Technology, Media Presentation Theatre- 1 New England Tech Blvd. E.G.

 Here are some financial breakdowns from the "Economic & Fiscal Benefits Analysis Of a New Downtown Pawtucket Ballpark" report, published 10/3/2017 by B & D Venues: 

• The budget for a new 9,500-capacity ballpark is $76 million.
• $18.3 million (24%) of activity and wages are sourced within the state – Subsequent to B&D’s analysis, the budget was adjusted to $73 million.
• Over 30-years, the ballpark is projected to generate $55.3 million in tax revenues to the State and $3.4 million to the City of Pawtucket. 

Additional "Ancillary Development"

• The potential program for the Apex site includes a hotel, apartments, and retail space – $110.3 million budget, (excluding the ballpark).
• The Division Street program includes offices, condos, and retail and has a budget of $37.3 million
• Collectively, the Apex site (excluding the ballpark) and Division Street project budget is estimated at  $147.6 million
• The potential development program for the Tidewater site includes office and retail – $51.4 million budget, (excluding the ballpark).

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Summary of overall ballpark investment totals:

• Ballpark- $73 million
• Apex + Division St. investment- $147.6 million
• Tidewater investment- $51.4 million

          Total investment- $272 million 
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​Potential (tax) Return on Investment:

• Including the ballpark, the Apex site is estimated to generate approximately $36.5 million to the City and $93.3 million to State over 30 years.

​           Total potential (tax revenue)return on investment: 
            -$129.8  million


On the Senate Finance Committee Decision Table: 

• $71 million in bond financing ($23 mil state/$15 mil city/$33 mil PawSox) to construct the new ballpark ( B & D 10/3 report has  ballpark construction costs at $73 million). 
• PawSox have stated that they would make a $12 million upfront payment and also cover any construction cost overruns. 
• Over 30 years, the total (tax) return on just the new ballpark= $58.7 million. 

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