Pawtucket Red Sox New Ballpark’s Best Outcome Could Be At Apex Site
The Pawtucket Red Sox have been looking for a new home for their team for several years, options have been all over the map with the teams ownership and Rhode Island officials trying to find a site that would work for everyone involved.
There is one site that is starting to make more sense though with a recent survey stating the Apex site as a location that could bring in $34 million more in state and city taxes than the other site the study looked at.
“The numbers pretty starkly point to the Apex site being superior to Tidewater,” said Pawtucket Mayor Donald Grebien.
Both properties are just off Interstate 95 along the Seekonk River, but Apex, named for the site’s ziggurat-shaped former department store building, is a short walk from downtown. Tidewater is in a wooded area on the other side of the highway.
The minor league baseball team and the city jointly hired a national firm for the study comparing the impact of developing the two sites.
The Brailsford & Dunlavey firm found Apex would generate $129.8 million in taxes, while Tidewater would generate $95.8 million. However at an estimated $146.7 million, development for the Apex site would cost nearly twice as much as Tidewater.
Team and state officials did not say how much taxpayers could be asked to pay for the development. Owners of the team, previously sought to build a stadium in Providence. A proposal seeking about $120 million from taxpayers was met by public opposition.
Grebien said he still considers McCoy stadium, the baseball team’s current home, an option. An earlier study found the ballpark needs $68 million in renovations. The cost of leveling McCoy for a new stadium would be about $78 million.
The most recent study did not compare which benefits from the sites would be generated above what’s being generated at McCoy. Team owners say they plan to stay at McCoy until their lease ends in 2021.
The Paw Sox have been at McCoy since the 1973 season, and the Boston Red Sox have had a team at the park since the AA-Red Sox of the Eastern League in 1970. McCoy was erected in 1942 and was last renovated in 1999 and currently seats just over 10,000 fans.