The massive soccer stadium project, Tidewater Landing in Pawtucket, Rhode Island, has hit a snag as city officials have postponed issuing $27 million in public bonds for the development. This has caused public officials, including Governor Dan McKee, and developers, like Fortuitous Partners and R.I. Commerce Secretary Liz Tanner, to remain silent on the matter. Critics of the project, such as R.I. Republican National Committeeman Steven Frias and former R.I. Department of Administration director Gary Sasse, have called for the cancellation of all public financing for the project. Frias instead suggests the funds be dedicated to affordable housing or retail stores. The project’s current financing plan has raised concerns over whether it makes more sense politically than economically. Despite the setback, Fortuitous Partners believe the project will continue, as they have already invested $25 million of their own finances into the project.

Leave a Reply

Your email address will not be published. Required fields are marked *