The proposal for the Pawtucket PawSox Stadium, to be located at the site of the old Apex Department Store, was unveiled today. In material prepared by the City of Pawtucket and the Pawtucket Red Sox Baseball Club, nine points were stressed about the “Ballpark at Slater Mill“:
1. The stadium, located next to the historic Slater Mill in Pawtucket, will be the home of the PawSox through 2050.
2. The stadium will hold 9,000-10,000 baseball fans and have the same field dimensions as Fenway Park in Boston.
3. The park will have year-round accessibility. The ballpark will be publicly owned and host community events such as concerts, farmer’s markets, college football and ice skating.
4. The PawSox will contribute $45 million to the construction of the ballpark, the largest single private investment in Pawtucket’s history, according to PawSox ownership.
5. General admission, children and senior ticket prices will be frozen at current levels for the first five years in the new ballpark.
6. The ballpark would be publicly owned.
7. PawSox will be responsible for construction cost overruns.
8. The project will cost $83 million. It will be financed as a public/private partnership. The PawSox will invest $45 million, the state $23 million, and the City of Pawtucket will invest $15 million. The owners claim the public portion will be “entirely self-supporting” and will require no additional tax burdens.
9. The owners also say the new park will “jump-start new economic initiatives and investments in the immediate downtown area.”
The new stadium proposal contains a section comparing the new deal with that proposed by the PawSox two years ago for a Providence stadium. The PawSox are assuming more of the cost, the state and Pawtucket are assuming much less. The PawSox are also claiming that the deal is revenue neutral to the state and that their approach this time has been in collaboration with state and local officials.
The ballpark is being sold as a “gateway to Rhode Island” and as a gateway to new Blackstone River Valley National Historic Park. the PawSox have announced the creation of the Prospect Development Group to explore economic development opportunities in and around the ballpark.