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Any lingering animosity from the Worcester Bravehearts toward the Worcester Red Sox seems to be a thing of the past, as Worcester’s two baseball franchises held a joint press conference at Polar Park on Thursday to announce a trio of community
A property that is set to play a role in helping the City of Worcester pay off debt associated with the construction of Polar Park is facing delays.
WBJ sat down with Crowley in December to discuss how he got involved with the Worcester Red Sox, what the negotiations with Diamond were like, and what the transaction means for the team’s future in the city.
Since 2018, professional men’s or women’s soccer teams have been announced or launched in Boston, Hartford, Pawtucket, and Portland, while New England’s second-largest city has been sitting on the proverbial sidelines.
Every December for this Economic Forecast special edition, the journalists in the WBJ newsroom forecast 10 possible news events for the coming year, based on their expertise and the trends in the Central Massachusetts business community.
It's not yet the bottom of the ninth inning — but pressure is increasing on the Portland Sea Dogs, Maine's only professional baseball team and the Double-A affiliate of the Boston Red Sox, to have a better home field before the Dogs begin play in
The team has declined to give a purchase price on the sale to Diamond Baseball Holdings, but at the request of WBJ, a Holy Cross professor has estimated the team's valuation based on revenues, market size, and the new stadium.
The Worcester Red Sox on Tuesday afternoon officially announced the team will be sold to Diamond Baseball Holdings, a corporation based in New York City with more than 20 minor league baseball teams across the country.
Diamond Baseball Holdings, a corporation that owns more than 20 minor league baseball teams across the United States, has reached an agreement to purchase the Worcester Red Sox, according to reporting by the Boston Globe
Rising costs on everything from construction loans to building materials are slowing some projects and delaying the start of others.
The Ballpark Commission, which oversees certain aspects of Polar Park programming, will remain in place, following an 8-1 vote in favor of keeping it at a Worcester city council meeting.
As was the case for the first two years of debt payments, the saving grace for the current fiscal year 2023 and the next fiscal year 2024 is a $3-million property sale from 2021.
Worcester Business Journal has been honored by the New England Newspaper & Press Association for coverage of diversity, equity, and inclusion issues, along with Polar Park, opinion commentary, editorial cartoons, and special sections on
Of the 21 corporate sponsors who initially signed on as Founding Partners for the Worcester Red Sox ahead of their inaugural season, 16 have so far committed past the initial three-year term to renew their relationship with the team until at least
An academic paper has used the $160-million Polar Park in Worcester as one of two examples of the problem of the pro forma model, saying the ballpark will saddle the city government with fiscal deficits up to $60 million.
After surviving 2020, Worcester retailers are closing their business or reducing operations in the face of mounting problems in 2023.
The Canal District has gone through a number of transitions over the last few decades. The neighborhood once had one of the higher poverty rates in Worcester when businesses like the Dive Bar moved in, followed by a number of locally owned restaurants and bars. Just over 10 years ago, the retail shop Crompton Collective started attracting a different crowd of people looking for unique goods. This eclectic mix of small businesses and a walkable, urban vibe attracted the owners of Pawtucket Red Sox to move their baseball team in 2021 to the newly developed $160-million Polar Park, the most expensive minor league baseball stadium ever built. That development is being followed by a wave of market-rate multifamily housing projects, which are at varying degrees of development.