PAWTUCKET — Keeping the Paw in PawSox is a number one priority for city officials, and on Wednesday, the City Council approved a lease agreement to have the team remain at McCoy Stadium until 2021 and beyond.
The lease extension was important because the State of Rhode Island and the Pawtucket Red Sox have entered into an agreement to co-fund a full feasibility study covering all components of McCoy Stadium. The study will lead to the creation of a multi-year schedule for the repair and replacement of various components of the stadium based on projections of its “functional life expectancy.”
A condition of this agreement was that the city agree to amend the current lease and sub-lease that it has with the state for McCoy Stadium for an additional five years. The city owns the property that the stadium is built on. In a letter to the City Council, Mayor Donald Grebien advised that he was proposing the current lease, which would have expired on Jan. 31, 2016, be extended for five years, bringing it to Jan. 31, 2012, with the option for an automatic extension for an additional five years after that.
For full story, see Friday's print edition of The Times.