Pawtucket soccer stadium project financing hits stumbling block. What's next?
The Pawtucket soccer stadium project has hit a new hurdle, with financial conditions prompting the city to delay issuing public bonds meant to help...
The Pawtucket soccer stadium project has hit a new hurdle, with financial conditions prompting the city to delay issuing public bonds meant to help pay for the complex. "Given the market challenges of the last year, including a global pandemic, rising interest rates, tighter market conditions, and a looming banking crisis, the State financing and private debt components of the capital stack have not made fiscal sense to close to the date," Grace Voll, spokeswoman for Pawtucket Mayor Donald Grebien wrote Wednesday.