Mattiello releases new proposed PawSox stadium plan with TIF district

HOUSE SPEAKER NICHOLAS A. MATTIELLO released a new proposal for legislation supporting financing for a new Pawtucket Red Sox stadium in downtown Pawtucket that creates a tax increment financing district to mitigate the state's financial exposure in the project. / COURTESY PAWTUCEKT RED SOX
HOUSE SPEAKER NICHOLAS A. MATTIELLO released a new proposal for legislation supporting financing for a new Pawtucket Red Sox stadium in downtown Pawtucket that creates a tax increment financing district to mitigate the state's financial exposure in the project. / COURTESY PAWTUCEKT RED SOX
PROVIDENCE – House Speaker Nicholas A. Mattiello released a draft of newly proposed legislation put forth on a new Pawtucket Red Sox stadium designed to lessen the state’s financial liability in the building of a new stadium along the Pawtucket River. The legislation would create a “Downtown Pawtucket Redevelopment Activity Taxes Fund,” based on a…

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