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GoLocal has secured a duplicate of a letter written by the Metropolis of Pawtucket’s then-municipal monetary advisor elevating considerations in regards to the stadium’s financing, prices, and the developer’s monitor document.
The town is within the midst of issuing greater than $46 million of bonds to finance a minor league soccer stadium — Tidewater Touchdown — which is being developed by California-based Brett Johnson.
The Metropolis of Pawtucket delayed the discharge of this letter for almost 50 days.
That is the primary time this doc has been made public.
Pawtucket’s municipal advisor — Hilltop Securities — resigned weeks after issuing this letter to Pawtucket officers.
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