Monday, December 23, 2024

TIDEWATER LANDING PROJECT

Pawtucket delegation calls for more state support of Tidewater Landing project

 

           

STATE HOUSE – Members of the Pawtucket delegation in the General Assembly are releasing the following statement concerning the fate of the Tidewater Landing project:

 

            “The Tidewater Landing project is a transformational economic development opportunity for the city of Pawtucket and state of Rhode Island.  In 2019, we worked together to draft and pass the enabling legislation allowing Pawtucket to create a Tax Incremental Finance (TIF) district to attract projects like Tidewater Landing. 

 

We believe using the TIF, along with Fortuitous Partners’ willingness to put an additional $25 million in private capital into the project, is the best path forward to get this project done.  We urge Governor Dan McKee and the Commerce RI team led by Stefan Pryor to immediately approve the usage of the TIF – the tool we created for projects just like this. 

 

Pawtucket is a proud and diverse city with a rich and documented passion for soccer and our city, and with the U.S. hosting the 2026 FIFA World Cup, a state-of-the-art new soccer stadium will certainly draw many more visitors to Rhode Island. 

 

Let’s get this done and move forward on the largest private investment project in Pawtucket’s history,” said members of the Pawtucket delegation.

 

The Pawtucket delegation includes Sens. Meghan E. Kallman (D-Dist. 15, Pawtucket, North Providence) and Jonathon Acosta (D-Dist. 16, Central Falls, Pawtucket) and Reps. Mary Ann Shallcross Smith (D-Dist. 46, Lincoln, Pawtucket), Jean Philippe Barros (D-Dist. 59, Pawtucket), Karen Alzate (D-Dist. 60, Pawtucket), Leonela Felix (D-Dist. 61, Pawtucket) and Mary Duffy Messier (D-Dist. 62, Pawtucket).