With concrete foundation work underway and steelwork set to rise in May for the $124-million Tidewater Landing soccer stadium in Pawtucket, R.I., construction is progressing despite a hold in public funding amid inflationary pressure and uncertainty surrounding a project that is the linchpin to the city's largest-ever economic development effort.
The guaranteed maximum price stadium project is part of the $344-million Tidewater Landing mixed-use development. The state and city of Pawtucket are investing $45.5 million to build the 10,000-seat stadium in a tax increment financing plan involving tax credits and bonds.