Rhode Island
The state will ultimately pay $132m to build a soccer stadium in Pawtucket. How did it get so expensive?
USMNT opens 2026 World Cup at SoFi Stadium
FIFA announced the schedule for the 2026 World Cup. The U.S. Men’s National Team will open at SoFi Stadium, while MetLife Stadium will host the World Cup final.
Fox – LA
The Tidewater Landing stadium in Pawtucket is on track to open early next year and, when it does, the 10,500-seat building is expected to be the most expensive minor league soccer stadium in the country.
That’s not a shock given the rising cost of construction, but even the state economic development officials who signed off on the project didn’t know just how steep the price of publicly financing the stadium would climb.
To channel $27 million to stadium developer Fortuitous Partners, Pawtucket earlier this month sold a $54.3 million tax-free bond. Under the terms of the bond, the state is projected to pay $132 million in total debt service over the next 30 years.
Those borrowing costs – which Bloomberg’s municipal bond reporter compared to the price of government debt in Pakistan – have triggered sticker shock in some quarters.
“My concern is how this got to be so expensive and such an enormous waste of taxpayer money,” said Michael McNally, a former member of the state Commerce Corporation Board who voted against the project in 2022.
But Rhode Island Commerce Secretary Liz Tanner, who has overseen the deal for the state for the last two years, on Monday defended the deal over the long term.
“Stadiums are expensive. We know that they’re expensive, and these dollars that we’re putting into it are going to have a nice infrastructure project for us when we’re done,” Tanner told The Journal Monday. “We know we’re going to have a stadium when we’re finished with a soccer team, and that’s good for Rhode Island.”
How did we get here? Shrinking project but expanding cost
The Tidewater Landing stadium plan first launched in December 2019, with the city still stinging from the loss of the Pawtucket Red Sox baseball team.
Initially the stadium was supposed to anchor a $400-million development spanning the Seekonk River and Interstate 95, containing hundreds of apartments plus shops, offices, a hotel and an event center.
The state first approved a $50-million public subsidy package for the development in February 2021 after the segment north of I-95 had been eliminated, slimming the project down to 25 acres.
But before work could begin, inflation spiked and the Federal Reserve hiked interest rates, sending the cost to complete the project soaring. The stadium is now expected to cost $137 million.
In the summer of 2022, Fortuitous shrank the project again, this time asking for the same public investment, but it would go to the stadium alone. On July 25, 2022, Gov. Dan McKee broke a tie on the Commerce Corporation Board to give almost all of the subsidy package to the stadium.
Public funds going to Fortuitous, once they finish the stadium, are made up of:
- $27 million from the bond
- $10 million in Pawtucket’s federal pandemic aid
- $10 million from state tax credits. (The state is issuing $14 million in Rebuild RI tax credits to net $10 million.)
But the cost of the borrowing keeps going up. When the deal was approved, the state planned to provide Fortuitous $27 million for the stadium from a $37-million bond. By October, with higher interest rates prompting investors to demand ever higher yield, the principal on the bond grew to $54 million, including reserves and administrative costs.
The deal allows the state to make interest-only payments on the bonds for the first 10 years. There’s a $5-million reserve in place to make payments in any year the General Assembly were to decide not to appropriate the required funding. And there is an $11-million “capitalized interest fund” that will fund payments in the early years.
Of the $54-million principal borrowed, $6 million is set aside to pay middlemen, lawyers and other administrative expenses, according to a breakdown from Commerce RI.
Why didn’t the state just pay less two years ago?
Why didn’t the state just appropriate $27 million for the stadium two years ago and save the tens of millions required by this exotic financing?
“When this project started a couple of years ago, this was the deal that was made, as far as how it was going to unfold, and all of those conversations were based on far lower interest rates,” Tanner said. “The $27 million, if it had been done upfront, would have to had been General Assembly approved.”
More: Soccer stadium bond adviser cited ‘concerns’ about project before quitting. What we know.
Since authorizing this type of state financing for a proposed new PawSox ballpark, legislative leaders have been cool to the idea of a direct investment into the soccer stadium.
Why not change the deal as economic conditions changed over the years?
“So we had committed to a deal at that point and we were in a contractual relationship to commit to following through with what we had done,” Tanner said. “And if you had changed the course of the transaction, there would’ve been a level of uncertainty without knowing whether the legislature was going to pass those dollars or not. So we continued on the path that we had set up originally.”
Although the Pawtucket Redevelopment Agency issued the stadium bonds, they are to be repaid with state tax revenue generated in Pawtucket, supplemented if need be by appropriations from the Assembly.
Because of the money set aside, state lawmakers won’t have to appropriate any money for the stadium until 2027.
Tanner said if interest rates rise again, the 8.24% rate the state is paying will end up looking like a bargain. If they fall, it is likely the state will be able refinancing after 10 years at a lower rate.
Is this 38 Studios all over again?
The complicated financing structure of the stadium bonds recall the $75-million 38 Studios deal.
Unlike the 38 Studios bonds, which were supposed to “pay for themselves” through revenue from the company that ended up folding, the stadium bonds are intended to be repaid by state tax dollars.
The risk to the state lies in what would happen if Rhode Island FC, the team slated to play in the stadium, folds, something not uncommon in professional soccer.
As it awaits the construction of the soccer stadium, Pawtucket is planning to tear down McCoy Stadium, which assumed negative value once the PawSox left.
More: Pawtucket soccer stadium’s financing is complete. Here’s what’s behind the $137M project
“[Rhode Island FC] did commit to a 30-year relationship with us,” Tanner said. “If they don’t, there’s liquidated damages that they would have to pay.”
Asked what those damages would be worth if the team goes bankrupt, Tanner said the state would get the stadium as an asset.
What would the empty stadium be worth?
“Again, we’re doing speculation on so many ifs,” she said.
To encourage Fortuitous to finish the residential and commercial development that initially attracted the state to the project, Commerce RI is providing the developer $1.5 million to start working on that next phase.
There is still no timeline on when any plans for stadium-adjacent development will be drawn up or cost estimates formulated.
Tanner said, if anything, she is “far more optimistic” about the residential/commercial development happening “because they have their investors all gathered to work on the stadium project and so we know there’s more people who have already committed the stadium that could be potentially partnering with them.”
Rhode Island
Our Favorite Write-Ins From the 2026 Best of Rhode Island Readers’ Poll – Rhode Island Monthly
If you haven’t heard, our upcoming Best of Rhode Island party has many exciting additions and surprises this year, and we at Rhode Island Monthly cannot wait to celebrate with all of you at the WaterFire Arts Center on July 23 (get your tickets here if you haven’t already!). But to tide us all over in the meantime, we decided to continue the tradition of sharing some of the silliest write-in entries we came across while tallying the Best of Rhode Island Readers’ Poll.
But first, let me provide a quick refresher of the process. As many know, the ballot is made up entirely of write-in entries, meaning you can submit whatever you like for Best Restaurant, Best Influencer, Best Wedding Venue, etc. And believe me when I tell you that people do truly submit whatever they like. This year we had the task of combing through more than 100,000 (!) votes and once again (see examples from 2022, 2023, 2024, and 2025) found ourselves chuckling at quite a few along the way. Below you’ll find a roundup of some of our favorites, as well as what was going through my mind as I noted and compiled them. (And as always, I’d like to throw in the disclaimer that I am just as much a victim of my own typing skills, so these are all in good fun!). Enjoy!
FOUND UNDER STATEWIDE RESTAURANT
“Daddychill” and “Daddychillllll”
— If I had a nickel for every time someone said this, I’d have two nickels — which isn’t a lot, but it’s weird that it happened twice.
“Blinked to Beauty”
via GIPHY
“Christina Erne” and “TJ Delsanto”
— Christina and TJ are meteorologists, not meat.
“All Four Paws” and “Mind Your Dog”
— “Hello, is this PETA?”
“Altered images tattoo” and “Massage envy”
— I think you’ll satisfy different kinds of cravings and needs here.
“Boozy book club”
— Yo Reilley, you got snacks?
“Buns and bites”
— Sorry to have to disappoint, but Laura serves looks and recs, not meals.
“Comedy bus”
— It’s taking everything in me not to recycle my (terrible) joke from last year.
“Same day content Reel Candid”
— I guess the camera always eats first.
“Vampire (hallie)”
— Are you trying to be the main course?
FOUND UNDER STATEWIDE NEW RESTAURANT
“Applebees”
via GIPHY
“Timmtuffknuckles”
— How are his knuckle sandwiches?
FOUND UNDER STATEWIDE LATIN RESTAURANT
“Lklk”
— Not me trying to see if this is a latin root.
FOUND UNDER STATEWIDE ASIAN RESTAURANT
“Quads n. Attleboro”
— Geography class really isn’t what it used to be, huh.
(My clearly grumpy, not-so-gentle reminder that we’re looking for the best of Rhode Island).
FOUND UNDER STATEWIDE INDIAN RESTAURANT
“Ho HoHOHO”
— Why did I read this like Santa tried a spicy curry for the first time and had a rough go of it.
FOUND UNDER STATEWIDE BREAKFAST SANDWICHES
“Duncan donuts” and “Dunking donts”
— I don’t know what I’m judging more: the voting for a national chain or the misspelling of said very, very popular chain.
“Bacon egg and cheese on a croissant.”
“Women & Infants Hospital – No, I’m not kidding! IYKYK”
— Well, now we know. Still hope I don’t have reason to find out for myself any time soon 😅
FOUND UNDER STATEWIDE BRUNCH
“Cry cafe”
— You know, after a few mimosas, sometimes brunch is the best time to have a good cry. Not that I’m speaking from experience.
*Typo translation: Cru Cafe
“Karies (used to be jiggers south)”
— We found a real Rhode Islander, folks.
FOUND UNDER STATEWIDE CHEAP EATS
“They don’t exist in ri”
Not in this economy.
FOUND UNDER STATEWIDE COCKTAIL BAR
“Jefferson speakeasy??”
— Wanna think about it for a sec?
“Bar Lizzo”
— I mean, she is 100% that b*tch.
*Typo Translation: Bar’Lino
“Justine’s RIP”
— Yeah, this one hurts. Pour one out for the homie.
FOUND UNDER STATEWIDE WINERY
“Kingdom of the hawk”
— Sick name. Wrong state.
FOUND UNDER STATEWIDE DIVE BAR
“Oooogie’s”
via GIPHY
“(Against my better judgement) scurvy dog”
— Woof.
“BRADLEY CAFFEEEEEEEE”
— Love the enthusiasm.
“Irish Spring Soap”
— Alright smartass. There’s only room for one us here.
“O’roughs”
— Looks like someone had one too many at O’Rourke‘s the night prior.
FOUND UNDER STATEWIDE OYSTER BAR
You’d think after all the fire and the new location headlines, people would remember how to spell Matunuck. Alas, we still got:
“Matonk,” “Matoonik,” “Mahtunuck,” “Mattunuack,” “Mettunic,” “Matunickk,” “Metacunack” and many, many, many more.
*Typo Translation: Matunuck Oyster Bar
“THE OYSTER BAR”
— THANKS JANET BUT WHICH ONE?
FOUND UNDER STATEWIDE BARBER SHOP
“City hall”
— Is that what they do there?
FOUND UNDER STATEWIDE INDEPENDENT BOOKSTORE
“Barnes and Noble”
— You and I have different definitions of independent.
FOUND UNDER STATEWIDE TV METEOROLOGIST FEMALE
“Dylan Drier, SORRY she’s the BEST”
— SORRY but not in RHODE ISLAND.
“Kathy bates”
— Yes, and I’m the one in Misery.
*Typo translation: Kelly Bates
FOUND UNDER STATEWIDE SPORTSCASTER
“[redacted], new and upcoming”
— When I Googled this name I could only find criminal court cases (and no Rhode Island sportscasters) so, yea, I’m gonna go ahead and agree that this person has a lot more coming up to do.
“Channel 10 reporter”
— You can Google too, ya know.
FOUND UNDER STATEWIDE TELEVISION NEWS REPORTER
“Jamie coelho”
— She is always ready for her closeup!
“jean value cent”
— I really thought I had seen all the spellings at this point, but someone always proves me wrong.
*Typo translation: Gene Valicenti
FOUND UNDER STATEWIDE MORNING SHOW
“Drew Barrymore”
via GIPHY
“Road show”
— C’mon. Have some respect for the pun.
*Typo translation: The Rhode Show
FOUND UNDER STATEWIDE LOCAL NEWS SHOWS
“r/Providence (Providence reddit page)”
— I’d be lying if I said I hadn’t also gotten my news from this thread some days…
FOUND UNDER STATEWIDE LOCAL MUSICIAN/BAND
“No exit 5”
— You’re right, there is none.
*Typo translation: No Exit 4
“Dropkick Murphy’s”
— Does owning Yellow Door make them local? I’ll take it.
“Taylor Swift”
— Well, maybe if she had tied the knot here… (No we aren’t bitter).
“I am a god!!!!!!!!!!!!!!!!!!”
— I know this is an actual band name, but this was still a jump scare.
FOUND UNDER STATEWIDE LOCAL FASHION DESIGNER
“DADDDDDDDDYYYYYYYYYYYY I want you badddddd”
— Okay someone’s gotta be effing with me.
FOUND UNDER STATEWIDE LOCAL ARTISAN
“Fankiemademedoit”
— I don’t think that will hold up in court.
FOUND UNDER STATEWIDE FOODIE INFLUENCER
“Jamie Coelho”
— No arguments here.
FOUND UNDER STATEWIDE DATE NIGHT
“catching rats with butterfly nets in kennedy plaza.”
— Jotting that one down.
“Eating out and a movie”
via GIPHY
FOUND UNDER STATEWIDE CANNABIS DISPENSARY
“All suck tbh”
— Daddy chill. (This might be my new favorite term).
“Northeastern”
— You know you don’t have to buy from your college roommate any more, right?
*Typo translation: Northeast Alternatives in Fall River and Seekonk 😮💨
FOUND UNDER PROVIDENCE RESTAURANT
“Ed the barber”
— I see the Sweeney Todd fan has returned.
“Permission.”
Granted, you may proceed.
*Typo translation: Persimmon
“Seeking tailor”
— Did you think we were ChatGPT?
FOUND UNDER PROVIDENCE VEGAN/VEGETARIAN RESTAURANT
“Pianta pianta pianta!”
— Is this how the kids play Bloody Mary nowadays? Does a Veggie Tales character show up? (Honestly that would terrify me more.)
FOUND UNDER PROVIDENCE OUTDOOR DINING
“Federal hill”
via GIPHY
FOUND UNDER PROVIDENCE DINER
“1st one I wrote is actually in Blackstone valley”
— Thank you for your candor.
“Haven’t bros”
— I think they have.
*Typo translation: Haven Brothers
FOUND UNDER PROVIDENCE SANDWICH SHOP
“Wise guys in Cumberland”
— Not very wise of you.
FOUND UNDER PROVIDENCE INDEPENDENT BOOKSTORE
“Heartless”
— I think Penny would beg to differ!
*Typo translation: Heartleaf Books
FOUND UNDER PROVIDENCE LOCALLY OWNED CLOTHING BOUTIQUE
“Locally owned clothing boutique”
via GIPHY
FOUND UNDER PROVIDENCE CONSIGNMENT SHOP
“The one on brook near wickenden”
via GIPHY
FOUND UNDER PROVIDENCE MUSIC VENUE
“Lupo’s heartbreak hotel”
— Who knew they’d still be breaking hearts all these years later.
FOUND UNDER PROVIDENCE LOCAL EVENT
“Best of RI”
— Eeeyyyyy
“BEYBLADE X TOURNAMENTS”
— I didn’t know this was a thing and now I am intrigued.
“TJ Delsanto Facebook Photos of RI and stories of beaches in RI”
— TJ is that you?
FOUND UNDER SOUTH COUNTY NEIGHBORHOOD BAR
“Cheers!”
— I’ll be sure to call up Sam and Diane.
FOUND UNDER SOUTH COUNTY INDEPENDENT BOOKSTORE
“Waldens in Wakefield”
— What a throwback.
FOUND UNDER NEWPORT COUNTY ANIMAL SHELTER
“Bahaha Cat Cafe”
via GIPHY
*Typo translation: Bajah’s Cat Cafe
FOUND UNDER NEWPORT COUNTY DELI
“Garlic Clove”
— So close.
*Typo translation: The Roasted Clove
FOUND UNDER EAST BAY RESTAURANT
“Chello is great family restaurant to take your family the waitress and waiter are great”
— Shout out to that waitress and waiter.
FOUND UNDER EAST BAY ITALIAN RESTAURANT
“Olive Garden, south Attleboro”
via GIPHY
FOUND UNDER EAST BAY BREAKFAST
“Green eggs and ham”
— Okay sam I am.
*Typo translation: Green Eggs
FOUND UNDER EAST BAY BURGER
“Chimp”
— … Has anyone checked in on Punch lately?
Typo translation: Chomp Kitchen and Drinks
FOUND UNDER EAST BAY SPECIALTY FOOD STORE
“Johnson’s Toadside Market”
— That’s sure is a specialty food.
*Typo translation: Johnson’s Roadside Farm Market in Swansea 😮💨😮💨😮💨
FOUND UNDER EAST BAY LOCAL MUSIC VENUE
“Bring back Bold Point!”
— I’d sign this petition.
FOUND UNDER EAST BAY LOCAL EVENT
“Oops”
— I am concerned.
FOUND UNDER WEST BAY BREAKFAST
“Dante’s inferno”
— That would certainly wake me up.
*Typo translation: Dante’s Kitchen
FOUND UNDER WEST BAY BURGER
“Vegan. Don’t Eat.”
— PETA thanks you for your service.
FOUND UNDER BLACKSTONE VALLEY RESTAURANT
“Hotel for Homeless Dogs.”
— …But really do I need to call PETA?
For those who made it this far, I hope you enjoyed the ride! Don’t forget if you want to learn who the actual winners are before the rest of the state (and party with them) you can still pick up tickets to the event here.
“Temporary water use advisories will be posted where applicable and nearby residents and visitors should keep pets from drinking from these waters for at least three days,” the release said
The herbicide treatments target specific invasive aquatic plants, including variable water milfoil, fanwort, water chestnut, sacred lotus, and various algae species, according to the release.
Rhode Island
R.I. leading multi-state lawsuit against Trump administration housing policy – The Boston Globe
Rhode Island and other states had recently won a ruling against HUD’s attempt to overhaul a federal homelessness grant program in fiscal year 2025.
US District Court Judge Mary S. McElroy found that HUD acted arbitrarily and capriciously in imposing illegal conditions on billions of dollars in funding for the Continuum of Care program, through which HUD distributes billions of dollars to state, local, and nonprofit agencies to support housing and services for people facing homelessness.
For more than two decades, HUD had followed a “Housing First” model, which prioritizes rapid placement in permanent housing without requiring people to first meet conditions such as sobriety or a minimum income threshold.
However, on June 1, the Trump administration moved forward with new rules for fiscal year 2026 that seek to re-implement a cap on permanent housing. The new Notices of Funding Opportunity will set aside $1.3 billion for transitional housing and supportive service-only grants — which the coalition of states say will have the effect of capping permanent housing projects at about 68 percent of the funds.
HUD Secretary Scott Turner announced the new terms on June 1, saying the old model didn’t work.
“The ‘housing first’ experiment failed Americans by warehousing the vulnerable without results. This ideology promised to end homelessness. Instead, billions of taxpayer dollars were spent while homelessness increased to record levels,” Turner said in a statement. “Housing alone will not solve a crisis driven by addiction and mental illness. Under President Trump’s leadership, HUD is making necessary reforms to put recovery first.”
HUD said that the new Notice of Funding Opportunity for $4.04 billion through the Continuum of Care homelessness assistance program would support organizations that facilitate treatment and recovery and “prohibit funding the widespread use of illicit drugs and distribution of paraphernalia.”
The lawsuit alleges that the new conditions will mean a large number of permanent housing projects funded by the Continuum of Care program will lose funding, which will lead to people being evicted, placing further strain on state and local governments.
“Instead of investing in programs that help people stay safe and housed, the Trump Administration has embraced policies that risk trapping people in poverty and punishing them for being poor,” the 44-page lawsuit alleges.
The shift threatens housing for at least 97,000 residents of CoC-funded permanent housing across the country according to the National Alliance to End Homelessness.
The states argue that HUD’s actions violate the Administrative Procedure Act for failing to proceed with notice-and-comment rulemaking, and for being arbitrary and capricious. They ask the court to declare that the challenged conditions are illegal and to block HUD from implementing them.
Along with Neronha, attorneys general from all New England states except for New Hampshire have joined the lawsuit. The coalition also includes attorneys general from Arizona, California, Colorado, Delaware, Illinois, Maryland, Michigan, Minnesota, New Jersey, New Mexico, New York, Oregon, Virginia, Washington, Wisconsin, and the District of Columbia, as well as the governors of Kentucky and Pennsylvania.
Amanda Milkovits can be reached at amanda.milkovits@globe.com. Follow her @AmandaMilkovits.
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