Please do not leave this page until complete. This can take a few moments.
In the wake of the Aug. 17, 2018, announcement by the Pawtucket Red Sox of their plans to move to a new stadium in Worcester’s Canal District, WBJ published a story where we surveyed 10 economists on the City of Worcester’s claim of the public ballpark project paying for itself through increased tax collections.
Nine of those 10 economists said the Worcester stadium wouldn’t end up paying for itself. When WBJ published this story just as the city was catching Red Sox fever, it immediately led to claims of WBJ being anti-WooSox or anti-Worcester. These claims were revived again any time WBJ would report on Polar Park, including how the rushed nature and difficult landscape of the project led to cost overruns, which caused the $160-million stadium to be the most expensive minor league stadium ever built; or how a delay in the signing of the stadium lease agreement gave the WooSox significant negotiating leverage over the city government.
We weren’t being anti-Worcester. We were just following the research.
If we are researching local employment figures and find jobs increased 20% in March, we would write a story saying “Jobs rose 20% in March.” Similarly, if that research showed jobs decreased 20% in March, we would write a story saying “Jobs dropped 20% in March.” We don’t choose to write one story and not the other. Doing anything differently wouldn’t be journalism. It would be dishonest, and ultimately WBJ’s main product is integrity.
For the edition of March 18, Staff Writer Eric Casey in his “The rising value of the Canal District” story has new research about the stadium: Since it opened in 2021, the values of the surrounding properties in the Canal District rose 83%, compared to 41% citywide. Furthermore, property sales in the Canal District rose 72% since the WooSox’s 2018 announcement. Clearly, the stadium project has attracted a lot of money into the neighborhood, which was one of the economic goals of the project, even if it doesn’t end up paying for itself. Casey’s story makes up the first part of WBJ’s Canal District Transformation two-story package publishing over this edition and the next.
This story certainly doesn’t tell the entire tale of Polar Park’s impact on Worcester – no single story ever could – and there’s certainly a debate over whether the influx of all this money into the Canal District is beneficial to its businesses and residents. WBJ will explore that issue in part two of Canal District Transformation in the edition of April 1. For that story, just like all our others, we will follow the research.
– Brad Kane, editor
The city and the chamber has "projections and assumptions", try not to 'hurt their feelings with any hard data.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
1 Comments