Congressional tax bill could increase financing cost of PawSox stadium by $5.7M

THE PROPOSED STADIUM construction legislation, with revisions, is drawing concern from the Pawtucket Red Sox. / COURTESY PAWTUCKET RED SOX
THE PROPOSED STADIUM construction legislation, with revisions, is drawing concern from the Pawtucket Red Sox. / COURTESY PAWTUCKET RED SOX
PROVIDENCE – Congressional Republicans’ tax-cutting bill could add about $5.7 million to the 30-year debt-financing plan for a proposed Pawtucket Red Sox stadium deal in Rhode Island. The legislative proposal introduced Thursday piqued the interest of Rhode Islanders following the local stadium deal, as a provision of the bill would prohibit the issuance of tax-exempt…

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