Planning on a proposed downtown Pawtucket soccer development continues, with a deadline for exclusive negotiating rights extended through the end of May.
The proposed $400 million downtown Pawtucket development project led by Brett Johnson of Fortuitous Partners was unveiled in December, with the concept including a new 7,500-seat soccer stadium at the site of a former manufactured gas plant along the Seekonk River. The stadium would be home to a USL Championship club, while anchoring planned development that includes apartments and retail across the river and additional development at the downtown Apex property.
Planning for the development continues, with a deadline for exclusive negotiating rights extended from April 30 to May 31, according to David Preston, a spokesman for Fortuitous Partners. And while it’s not clear how fast local officials can act on such a complex development, Preston says Fortuitous Partners is “finalizing a timeline for the project, completing a market study, and working with National Grid on technical details for the stadium construction site,” according to the Boston Globe:
Of course, there’s still a long way to go. Lease agreements still need to be reached on all of the parcels for this project. A tax increment financing plan needs to be approved, and the company still plans to make revisions to its master plan. And there’s always the question about what subsidies both the state and city will offer.
“Fortuitous remains bullish about the opportunity at Tidewater Landing,” Preston said.
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