Submitted by HRJafael t3_10myg73 in WorcesterMA
yennijb t1_j66a28n wrote
Ah yes, another article ignoring the fact (and part of the release that mentions) that the left field building being delayed means the taxes won't be getting paid from it towards the debt.
tracynovick t1_j6dspiz wrote
We just have to count on WBJ for that: https://www.wbjournal.com/article/woosox-to-temporarily-take-over-space-originally-slated-for-delayed-bioscience-facility
"The Left Field Building was originally slated to open in 2023, as part of a five-building development from Madison Properties. The property tax collections from those buildings are one of the main sources of revenue the City of Worcester plans to use to pay off the 30-year debt on the $160-million public stadium, in order for the ballpark to pay for itself and not use general taxpayer-funded sources of revenue. However, as those developments have been delayed, the revenue collections from the district surrounding the ballpark have been underperforming, and the City sold off a piece of public property near the stadium to cover the debt payments."
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