Construction is ongoing at Tidewater Landing, the future home of minor league soccer team Rhode Island FC, despite financial troubles uncovered by Target 12. City officials are foregoing the issuance of $27 million in public bonds following uncertain financial conditions. Rhode Island Gov. Dan McKee remains optimistic that the work will eventually proceed as planned. Developer Fortuitous Partners has so far invested nearly $25 million in the 10,000-seat stadium, but it is unclear how long these funds will last to keep the construction going. Rhode Island’s state commitment to the project remains, but it is important to ensure taxpayer protection during these challenging market conditions. No timeline has been set for when the deal will close.

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